Gold retreats from near record high as Fed rate cut speculation grows – FXStreet

Gold failed to break above the resistance of $2,531 and fell to close at $2,493 amid growing expectations of a Fed interest rate cut. U.S. nonfarm payrolls came in weaker than expected, but improving numbers and rising hourly wages raised uncertainty around a 25 or 50 basis point cut. Despite the decline in Treasury yields, […]
Kamala Harris Retreats in Scramble to Defend Blue States

With former President Donald Trump gaining momentum in Democratic states, Vice President Kamala Harris' campaign is on the defensive, failing to deliver the post-convention surge that most recent campaigns have taken for granted. The campaign plans to send Harris and her key surrogates, Minnesota Gov. Tim Walz and her husband, Doug Emhoff, to Democratic states […]
USD/JPY retreats over 50 pips from Asian session peak, slides below mid-147.00s – FXStreet

USD/JPY gained some positive momentum on Monday but struggled to capitalize on the move. Diverging policy forecasts from the Bank of Japan and the Federal Reserve proved to be the main factor restraining further gains. A positive risk stance could weaken the safe haven yen, providing some support to the currency pair. The USD/JPY pair […]
Impatient Ayatollah Khamenei Warns ‘Divine Wrath’ Will Strike if Iran ‘Retreats’ on Israel

Iran’s “Supreme Leader” Ayatollah Ali Khamenei warned his subordinates at a meeting on Wednesday that any “non-strategic retreat” would incur Allah’s “divine wrath” as the world loudly predicts an attack by Tehran on neighboring Israel. Iranian officials have boasted that they will attack Israel throughout August after removing Hamas’ “political” leader, Ismail Haniyeh, on July […]
Ukraine’s army retreats from positions in strategic town as Russia closes in

Ukrainian forces have withdrawn from the area of Khashiv Yar, a strategically important town in the eastern Donetsk region. Chasif Yar is located near Bakhmut, which Russia captured last year, and its fall could put nearby cities at risk. Relentless Russian shelling left Chasiv Yar in ruins, the town deserted, and homes and offices burned. […]
Ukraine Retreats From Frontline Positions As Kyiv Waits For Key US Aid

Ukraine’s top commander acknowledged Sunday in a rare admission that the country’s chances of victory were deteriorating, saying the military had to withdraw from front-line positions in the war against Russia, NBC News reported. Stated. The United States is in the process of providing military aid to Kiev after US President Joe Biden signed a […]
Asia FX sees some relief as dollar retreats, yen at 34-year lows – Investing.com

Investing.com — Most Asian currencies rose slightly on Wednesday as a weaker dollar brought some relief to regional markets, although the Japanese yen continued to underperform despite concerns about government intervention. The dollar retreated further from recent five-month highs this week as some Purchasing Managers Index data were weak. But persistent bets on longer U.S. […]
Stock futures are little changed after Nasdaq Composite retreats from record: Live updates – CNBC

1 minute ago Renaissance Macro Research says investors should ‘exit’ Apple Apple stock is off to a terrible start heading into 2024. Jeff DeGraaf, founder of Renaissance Macro Research, advises investors to reconsider the stock, as the tech giant is down 9% year-to-date. “I think you want to tactically move away from Apple. This is […]
Silent meditation retreats under scrutiny after suicide of aspiring artist, 22, comes to light

A heartbroken mother emotionally shares how her 22-year-old “free spirit” daughter committed suicide during a 10-day intensive meditation retreat, an ancient mindfulness practice often compared to “mental surgery” warning others of the potential dangers of ” Natalie St. Maurice from Ontario, Canada, recalled on a recent episode of the Financial Times’ Untold podcast series:The Retreat”, […]
Euro retreats after ECB holds rates flat, markets price in June rate cuts – FXStreet

share: The euro fell from familiar technical levels following the ECB's dovish stance. In Europe, economic indicators are expected to be weak until next Tuesday's GDP announcement. The broader market will focus on the US PCE price index on Friday as it concludes the trading week. The euro (EUR) fell on Thursday after […]