Softening US market data suggests that the Federal Reserve (Fed) may take a less aggressive approach to future rate hikes, which could weaken the US Dollar (USD). According to the CME FedWatch Tool, the odds of a 25 basis point (bps) rate cut at the...
West Texas Intermediate (WTI) crude had a tough week with prices near the key support level of $67.50. This price point has been significant for several years, suggesting that value buyers may step in as the market nears this key area. But the...
Bitcoin (BTC) recently surged above $69,000, driven by positive market sentiment following the release of the Federal Reserve Minutes, which suggested a potential interest rate cut in September. Despite this bullish sentiment, the outlook for...
The Cable gained strength against its major counterparts following the Bank of England's recent monetary policy announcement. As anticipated, the BoE kept interest rates unchanged at 5%, a decision largely influenced by the higher-than-expected core...
Middle East Conflict Increases Demand for Safe Haven The escalating confrontation between Israel and Hezbollah has largely driven the latest gold gain. Upon hearing that Hezbollah intends to intensify its military conflict with Israel, investors...