Gold (XAU) Silver (XAG) Daily Forecast: Prelim GDP q/q and Jobless Claims Set Market Tone – FX Empire
Investors are currently keenly waiting for Friday's US Personal Consumption Expense (PCE) Price Index Report. This provides clues on inflation and affects the Federal Reserve's attitude towards interest rates. If the data shows cooling inflation, it could promote expectations for interest rate reductions and raise gold prices. Until then, gold could be traded within tough […]
Investment in UK’s crumbling public services is pro-growth, says pensions minister | Economic growth (GDP)
The UK's collapsed public services are bad for businesses, and fixing them to spend more taxpayer money is a growing policy, Pension Minister Torsten Bell argued. Masu. Rachel Reeves is being criticized by a business lobby group that is packing the economy, with an increase of £25 billion in employer national insurance contributions imposed in […]
Clean energy contributed 10% to China’s GDP in 2024, analysis shows | China
Clean Energy contributed to China's 10% gross domestic product record in 2024, the analysis found. With sales and investments of 13.6tn Yuan (£1.5tn; $1.9tn), the sector has overtaken value real estate sales. Solar power generation, electric vehicles (EVs) and batteries have all played a major role in the dramatic growth of China's clean technology.
NATO members to boost defense spending ‘considerably more than 3 percent’ of their GDP: report
NATO members are “Over 3%” Of their GDP, the alliance's executive director, Mark Latte, said on Saturday. The Alliance Chief's warning was days after Defense Secretary Pete Hegses failed to “take key responsibility” for European defense, ripping it to the NATO allies for seeking a 5% minimum GDP spending target. It's here. That amount is […]
Forex Today: Eurozone GDP and US Retail Sales data to wrap up volatile week – FXStreet
Here's what you need to know on Friday, February 14th: The US dollar has remained stable on Friday's European morning after suffering a major loss against its major rivals on Thursday. Eurostat will release preemption changes and gross domestic product (GDP) data in the fourth quarter. Later in the session, the US Economic Calendar will […]
Pound Sterling strengthens on upbeat UK GDP data, risk-on market mood – FXStreet
Sterling of the pound has made progress as the UK's GDP rose at a robust pace in December and an astonishing expansion in the last quarter. Boe's Greene and Pill have led a gradually more cautious approach to interest rate reductions. Investors are volatility as the US president is poised to announce mutual tariffs. Pound […]
Rachel Reeves’ plans for the UK: all growth, no green? – podcast | Economic growth (GDP)
Prior to today's groundbreaking speech, Rachel Reeves informs that he is ready to be ruthless to grow the economy. She talked about the reduction of regulations, promoting architectural projects, and finally saw a new runway in Heathrow. All amazing measures from the government that defended their Green Agenda while opposed. Heather StewartThe Guardian's economic editor […]
Trump at WEF Calls on NATO Countries to Up Contributions to 5% GDP
President Donald Trump is asking members of the North Atlantic Treaty Organization (NATO) to increase NATO's contribution to 5% of gross domestic product (GDP). Trump made the request to his NATO allies on Thursday while speaking virtually before Klaus Schwab's globalist World Economic Forum (WEF) in Davos, Switzerland. “I'm also going to ask all NATO […]
Australian Dollar remains steady after recovering losses, US GDP Annualized eyed – FXStreet
The Australian dollar recovered its daily losses after Thursday's announcement of consumer inflation expectations. Australian consumer inflation expectations rose to 4.2% in December, up from a previous rise of 3.8%. The US dollar index (DXY) hit 108.28 on Thursday, its highest since November 2022. The Australian dollar (AUD) narrowed its daily decline following Thursday's announcement […]
Pound Sterling slumps as UK GDP, factory output unexpectedly contract in October – FXStreet
The pound slumped after data showed the UK's monthly GDP fell by an astonishing 0.1% in October. British industrial and manufacturing production also fell month-on-month in October. Investors expect the Fed to pause policy easing in January after cutting rates next Wednesday. The British pound (GBP) fell sharply against major currencies on Friday after Britain's […]