Three predictions for gold at $4,100: a positive outlook on Arc, a negative setup from the Fed, and a tie-breaker from the festival.
Gold Sees Conflicting Analysis Near $4,100 Currently, Gold (XAU/USD) is hovering around $4,100, but analysts are divided on what this means for the market. One view suggests that the recent bounce from a support level indicates a possible rise to $4,227, while another perspective warns that any surge is at risk, especially since the price […]
Gold and silver move apart as expectations for a pause by the Fed meet increasing crude oil prices.
Market Update: Gold and Silver Prices, Equity Performance, and Economic Indicators Spot gold prices remained relatively stable while spot silver prices saw a decline during late U.S. trading on Friday. This was largely due to a significant rise in crude oil prices and a slight rebound in Treasury yields, which countered the benefits of a […]
Trump forms committee to look into Fed Governor Lisa Cook’s claims about mortgage fraud
President Trump has set up a special committee to look into claims that Federal Reserve Governor Lisa Cook made false statements. This follows accusations from the White House regarding mortgage fraud. This action marks a significant escalation in Trump’s ongoing attempts to dismiss Cook, who was nominated by former President Biden, especially after the Supreme […]
British Pound weakens as US Dollar rises even with reduced chances of Fed rate increases
GBP/USD Trading Updates GBP/USD is seeing a slight decrease after a small uptick the previous day, hovering around 1.3240 during early Monday trading in Asia. The currency pair faces downward pressure as the US Dollar (USD) gains strength in anticipation of the upcoming US ISM Services Purchasing Managers Index release. On the other hand, market […]
Jerome Powell avoided consequences for the ‘Palace of Versailles’ renovation, but he is still a poor Fed Chair.
Jerome Powell has been cleared of any criminal wrongdoing over the Federal Reserve’s $2.5 billion “Palace of Versailles” headquarters debacle, but it raises questions about his overall performance as the leader of the nation’s central bank. While I wouldn’t call Powell’s more than eight-year stint as Fed chair legally criminal, it certainly hasn’t been a […]
Fed Chair Warsh Takes Steps to Address Significant Oversight Problems Discovered in Construction Report
Federal Reserve Overhaul Oversight Amid Renovation Issues Federal Reserve Chairman Kevin Warsh has tapped the General Services Administration (GSA) to lead the completion of the central bank’s headquarters renovation. This decision follows an inspector general’s investigation that highlighted significant management and oversight failures. The investigation revealed that the Fed often strayed from contractual cost controls […]
August PCE: Preferred inflation measure of the Fed increased less than anticipated
Market Sentiment and Inflation Insights The recent rise in oil prices has propelled the 10-year Treasury yield upward, and the panel on The Big Money Show is weighing in on market sentiment. They delve into various topics, including President Trump’s foreign policy concerning Iran and the implications of diesel export bans. In August, the Federal […]
Kansas City Fed Factory Index Rises, Contributing to Indications of Widespread U.S. Growth
U.S. Manufacturing Activity Surges in September Factory activity in the central United States saw significant growth in September, according to a recent survey from the Federal Reserve Bank of Kansas City published on Thursday. This report adds to a series of indications suggesting that the economy is picking up steam as we move into the […]
New Zealand Dollar falls close to 0.5700 following strict Fed comments before US PMI data
The NZD/USD pair has slipped to about 0.5710 in early European trading on Wednesday. The US Dollar is gaining some ground against the New Zealand Dollar due to hawkish statements from officials at the US Federal Reserve, hinting at persistent inflation issues. Traders are now focused on the preliminary Purchasing Managers’ Index (PMI) reading from […]
Dollar Index rises close to 100.70 as Fed keeps up aggressive stance
The US Dollar is showing signs of strength on Wednesday, with strong expectations that the Federal Reserve (Fed) will implement more interest rate hikes this year. During Asian trading, the US Dollar Index (DXY), which measures the Dollar’s value against six major currencies, rose by 0.15% to around 100.70, marking its highest level in over […]