GBP/USD gains momentum on optimism for a US-UK trade agreement.
The GBP/USD bounced back on Tuesday, fueled by news regarding the upcoming US-UK trade agreement. While some specifics are still unclear, the GBP market found support amid hopes of dodging US tariffs. Pound Sterling gained 0.4% against the dollar after testing the 1.3400 mark. The GBP/USD climbed on Tuesday, moving up nearly one percent, as […]
Clarke Schmidt gains bragging rights over Michael King after a fierce competition.
Clark Schmidt, who initially scratched from Saturday’s lineup, found himself up against the Padres on Tuesday. It was a bit of a surprise, really, especially after receiving a text from Michael King earlier. King, who had been climbing the ranks before joining the Yankees’ pitching squad, seemed to want a shot at Schmidt. “You just […]
Gold holds onto slight intraday gains around $3,360, staying near a two-week peak – FXStreet
Gold prices continue to draw safe haven interest amid escalating geopolitical issues. A weakening demand for the US dollar also boosts gold’s appeal. However, bullish sentiment may waver leading into the crucial FOMC meetings starting Tuesday. Gold prices (XAU/USD) are holding steady as they approach the European trading session, currently trading at highs not seen […]
Gold faces difficulty in maintaining intraday gains as traders choose to wait for this week’s FOMC meeting – FXStreet
Gold prices are expected to rise on Monday as geopolitical tensions reignite demand for safe havens. The USD has dipped below recent highs, which further benefits precious metals. Market attention is now turning to the upcoming two-day FOMC policy meeting starting Tuesday. Currently, the price of Gold (XAU/USD) is showing some positive movement as the […]
Pro-Gaza independent candidates win against Labour in UK local elections as Reform UK gains ground.
In a small British town north of Manchester, two pro-Gaza candidates have secured their positions, previously held by the Labour Party. Both ran as independents in the local elections held on May 1. Maheen Camran, just 18, claimed the Burnley Central East seat on Lancashire County Council, while Hazard Ali took the Nelson Eastward county […]
US unexpectedly gains 177K jobs in April even with tariffs in place
In April, the job market saw an addition of 177,000 positions, which notably surpassed what analysts were anticipating, suggesting that President Trump’s tariffs haven’t yet significantly impacted employment numbers. However, this figure marks a decrease from the previous month, where job growth hit 228,000. The unemployment rate held steady at 4.2%, as reported by the […]
EUR/USD loses some early gains as US NFP exceeds expectations – FXStreet
The EUR/USD is losing some of its earlier gains as the US dollar rebounds following the April Non-Farm Payroll (NFP) data. April’s flash HICP data for the Eurozone indicates inflation pressures increased more than anticipated. China has expressed readiness to engage in trade discussions with the United States, which has improved market sentiment. The EUR/USD […]
Gold sticks to modest intraday gains; lacks bullish conviction ahead of US NFP report – FXStreet
Gold prices gain positive traction and leave Thursday's two-week low set. The modest USD downtick provides support for the Xau/USD pair ahead of the US NFP report. Optimism about the possibility of US-China trade negotiations may curb valuable metals. Gold prices (XAU/USD) touch on new daily highs in the early days of Friday's European session, […]
S&P 500 Gains and Losses Today: Index Rises After Strong Start to Big Tech Earnings – Investopedia
Key takeout The S&P 500 rose 0.6% on Thursday, May 1, securing its eighth straight winning sessions as strong Microsoft and Meta results helped boost tech stocks. Microsoft stocks surged after the software giant tops its quarterly forecasts and promoted the strength of its cloud computing and AI business. Eli Lilly and Chipmaker's shares of […]
Australian Dollar recovers recent losses as US Dollar trims gains – FXStreet
The Australian dollar is under pressure as the US dollar strengthens, supported by signs that ease tensions between the US and China. China’s move to exempt certain US imports from 125% tariffs has sparked optimism for better trade relations. The Federal Reserve is in a power outage ahead of the Federal Open Market Committee meeting […]