Australian Dollar remains steady after Retail Sales and China’s PMI figures are released.
The Australian dollar holds steady as retail sales experienced a rise of 1.2% month-over-month in June, significantly surpassing the anticipated 0.4% increase. The NBS Manufacturing Purchase Managers Index in China dropped to 49.3, while the non-manufacturing PMI eased to 50.1 in July. The Federal Reserve maintained benchmark interest rates in the range of 4.25%-4.5% during […]
Person seen in NYC with ‘long rifle’ actually carried a paintball gun — but remains under arrest
A known criminal was spotted in a Bronx neighborhood carrying what appeared to be a long rifle, but it turned out to be a paintball gun. Police sources indicated on Wednesday that he still faced criminal charges. Rodney Lance, 42, was seen strolling through Mount Eden around 12:30 PM, holding the suspected weapon in his […]
Zohran Mamdani unexpectedly retreats from his unpopular ‘defund’ position during the NYC mayoral campaign, yet remains committed to eliminating a prestigious NYPD unit.
Democratic socialist Zohran Mamdani reaffirmed his controversial “refund” position on Wednesday following a tragic mass shooting in midtown that resulted in four fatalities, including police officers. “I’m not advocating for a refund of the police,” he stated clearly. However, during a press conference, when asked about the fate of the elite NYPD Strategic Response Group […]
Grassley remains firm on blue slip rules despite pressure from Trump
President Donald Trump is putting pressure on Republican leaders within the Senate Judiciary Committee to push through his judicial appointments and change long-standing Senate procedures. Despite his efforts, some lawmakers seem unconvinced. On Tuesday night, he urged Iowa Senator Chuck Grassley to “bring on the courage” to eliminate the “blue slip” tradition, which allows senators […]
Australian Dollar stays weak while US Dollar remains steady amidst trade optimism.
The Australian dollar is currently facing challenges as the US dollar gains traction, bolstered by optimism surrounding a trade agreement between the US and the European Union. US-China trade discussions are set to recommence on Tuesday. The Reserve Bank of Australia (RBA) is expected to closely observe employment data for June and inflation figures for […]
Gold price update for Monday, July 28, 2025: Gold remains steady amid advancements in trade agreements
Gold futures started the week on Monday at $3,321.10 per ounce, showing a decline of 0.4% from Friday’s close of $3,334. Notably, prices have dropped 3.5% from last week’s high of $3,441. A potential contributing factor to this drop could be the positive developments concerning trade deals. Reports suggest the US and EU have agreed […]
Couple from Arkansas dies at Devil’s Den State Park while hiking with their young daughters; suspect remains at large
Murder Investigation in Devil’s Den State Park The search for a killer who murdered a married couple at Devil’s Den State Park in Arkansas intensified on Monday. The tragic event occurred in front of the couple’s young daughters, aged 7 and 9. Authorities responded around 2:30 PM to reports of a possible attack in the […]
USD/CHF remains steady around 0.7950, with attention on US-China tariff discussions
USD/CHF is trading around 0.7950 during the early European session on Monday. The Swiss franc, known as a safe-haven currency, might be pressured by positive sentiment surrounding US-EU trade deals. The Federal Reserve’s interest rate decision is expected later this Wednesday, with no changes anticipated. The USD/CHF pair has been stable at approximately 0.7950 in […]
GBP/USD Price Outlook: Remains positive above 1.3550, staying above the 100-day EMA
GBP/USD shows a slight gain of around 1.3440 in Monday’s Asian trading session. The pair maintains an optimistic tone above the 100-day EMA, though some consolidation might happen soon. Immediate resistance is identified at 1.3588, while initial support is at 1.3365. During Monday’s Asian hours, GBP/USD managed a modest profit, nearly reaching 1.3440. This comes […]
Stocks rise and euro remains stable after trade deal between US and EU
On Monday, global stock markets experienced gains, and the euro reached a strong position, fueled by positive sentiment regarding trade agreements between the US and the EU. This optimism came at a crucial time, just before a significant policy meeting involving the Federal Reserve and the Bank of Japan. The US has struck a framework […]