Gold (XAU) Price Forecast: Rally or Pullback? Fed’s Rate Cut Outlook Holds the Key – FX Empire
Chairman Jerome Powell's post-meeting remarks and updated economic forecasts will be important. If the Fed only cuts rates modestly in 2025, gold's appeal could face headwinds as the opportunity cost of holding non-yielding assets becomes higher. Conversely, with multiple rate cuts expected, any signs of dovishness could reignite bullish momentum. Featured inflation and PCE data […]
Canadian official threatens to cut 1.5M Americans’ power in potential Trump trade war
Canadian officials are threatening to cut off power to about 1.5 million Americans and ban imports of American beer and liquor as part of a potential trade war with the incoming Trump administration. Ontario Premier Doug Ford has threatened to retaliate against President-elect Donald Trump's threat to impose tariffs on Canadian products. Ford said Wednesday […]
Canadian premier threatens to cut off energy imports to US if Trump imposes tariff on country
The prime ministers of Canada's major oil regions are threatening to cut off energy and critical mineral exports to the United States if President-elect Donald Trump imposes significant tariffs on all Canadian products. President Trump recently threatened to impose a 25% tariff on all Canadian and Mexican exports to stem the flow of exports. illegal […]
FX option expiries for 13 December 10am New York cut – ForexLive
There are a few things to be aware of on the day, as highlighted in . bold. These are all for EUR/USD and are stratified between 1.0450 and 1.0500. The biggest one, of course, is the maturity of more than 7 billion euros at the 1.0500 level. This could provide some pull for EUR/USD in […]
He cut off some loved ones for months. Now, suspect Luigi Mangione faces mounting evidence in health care CEO’s killing – CNN
CNN — Marked shell casings found at the assassination scene match the gun the suspect was carrying. His fingerprints matched several important items that investigators found nearby. And this week, after months of silence from his mother and friends, he was arrested with fake identification and a handwritten statement referring to the crime scene. These […]
Chances of Fed rate cut rise despite inflation ticking higher
Anthony Pompliano, CEO and founder of Professional Capital Management, breaks down the latest developments in whether to buy Bitcoin, the debanking debate, and the shooting death of UnitedHealthcare CEO. Inflation rose slightly in November, but that hasn't dampened market expectations that the Federal Reserve will cut interest rates at its policymakers meeting next week. The […]
Inflation ticks higher as Fed eyes another rate cut
Inflation rose slightly in November, but likely not enough to derail the Federal Reserve's plans for further interest rate cuts, according to figures released Wednesday by the Labor Department. Consumer prices rose 0.3% in November and rose 2.7% over the past 12 months, according to new Consumer Price Index (CPI) data released on Wednesday. Monthly […]
Walgreens could ‘aggressively’ cut costs if privately owned, analyst says
About one independent pharmacy will close every day in 2023, and a similar number is expected to close this year, according to the National Community Pharmacists Association. Walgreens Boots Alliance's acquisition by private equity firm Sycamore Partners would give it more flexibility to “aggressively” cut costs to address persistent industry challenges, according to industry analysts. […]
EUR/USD slides as ECB is set to cut interest rates by 25 bps to 3% – FXStreet
EUR/USD fell to around 1.0530 as investors awaited major events such as US inflation and the ECB policy meeting. The ECB is widely expected to cut deposit facility rates by 25 basis points to 3% on Thursday. Economists expect U.S. annual core CPI to have grown steadily by 3.3% in November. EUR/USD fell to around […]
USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets – FXStreet
USD/CAD traded with a positive bias for the third day in a row, rising to multi-year highs. The central bank's sharp interest rate cuts and bets on a modest fall in oil prices have weakened the loonie. Ahead of Wednesday's U.S. consumer price index and central bank decisions, the U.S. dollar's price movements have been […]