GBP/USD Price Forecast: Declines on disappointing data, tumbles to 1.2500 – FXStreet
GBP/USD weakened further due to weaker key economic indicators in the UK and heightened geopolitical concerns. Technical analysis highlights the possibility that the pair will test important support at 1.2445 and possibly year-to-date lows at 1.2299. The RSI is showing oversold conditions, suggesting strong bearish pressure, but it has not yet reached extreme levels. Sterling […]
Gold (XAU) Price Forecast: Sustained Move Over $2693 Could Lead to All-Time Highs – FX Empire
As of 12:22 GMT, XAU/USD is trading at $2699.47, up $29.82 or +1.12%. Safe Haven Demand Fuels Gold Rally Gold surged 5%, posting its best week in more than a year, amid heightened geopolitical tensions between Russia and Ukraine. Spot gold hit its highest since early November, and U.S. gold futures followed suit. This rally […]
Rove: Trump will pay a price for Cabinet pick 'chaos'
Republican strategist Karl Rove said President-elect Trump will pay the price for the “chaos” he has caused with his controversial Cabinet picks. in wednesday editorial Rove said in the Wall Street Journal that Trump's nominations began “very quickly and very promisingly” with Susie Wiles, the first female White House chief of staff. As other nominees […]
Solana Hits All-Time High Price Two Years After FTX Nearly Sent It to Zero – Decrypt
After three long years, Solana (SOL) has finally broken its all-time high record, setting a new milestone of over $260 on Thursday. Solana surpassed a record high of $260 early Thursday afternoon, according to Coinbase data, adding to the asset's recent strength following crypto candidate Donald Trump's victory in the US presidential election earlier this […]
Lawsuits target ‘potato cartel’ enabled by price data aggregators
Frozen potato producers are the target of multiple new federal lawsuits that allege the companies are fixing prices through third-party data providers to form a “potato cartel.” Companies such as Cavendish Farms, McCain Foods, JRS, and Lamb Weston, along with the National Potato Promotion Board, conspired to “cultivate, stabilize, and restore” the potato. [or] To […]
China funds slash ETF fees, escalating price war in booming market
Erin Gibbs, chief investment officer at Main Street Asset Management, discusses whether the U.S. dollar is at risk of losing its status as the world's reserve currency on “Making Money.” SHANGHAI/HONG KONG – A major Chinese fund company on Wednesday announced sharp cuts in fees for a range of exchange-traded funds (ETFs), intensifying price competition […]
Bitcoin Price Blasts Past $97,000 as Futures Hint at More Room to Run – Decrypt
Bitcoin continues to set new records this year as traders begin to focus on the six-digit price of the world's largest cryptocurrency, but an analysis of the asset's derivatives market shows that Bitcoin remains Not overheating. The asset rose to well over $97,000 late Wednesday night, breaking its all-time high. $95,000 According to CoinGecko data, […]
Gold price surge on risk aversion and overcome strong USD – FXStreet
Gold extended its gains to $2,650, shrugging off dollar strength as demand for safe-haven assets increases. The escalating conflict between Russia and Ukraine and President Vladimir Putin's nuclear threat are contributing to the sharp rise in gold prices. Comments from Fed governors provide a range of insights into the potential direction of US monetary policy […]
Business Inflation Expectations Show No Sign of Tariff Price Pressure
One of the most important indicators of future inflation suggests that businesses do not expect their costs to increase due to higher tariffs. According to the Atlanta Fed, business inflation expectations remained unchanged at 2.2% in November. monthly survey Approximately 640 companies across six states are participating. This was lower than the expected inflation rate […]
GBP/USD Price Forecast: Tumbles below 1.2700 after hot UK CPI – FXStreet
The GBP/USD pair fell as UK inflation spiked, raising expectations that the Bank of England would become less accommodative. Technical analysis indicates bearish momentum as the pair is currently targeting further support levels including the May low at 1.2445. The RSI is trending towards oversold territory, suggesting continued downward pressure in the short term. Sterling […]