Hezbollah fires rockets into Israel after Beirut attack toll rises to 37
Hezbollah said it had fired dozens of missiles at an airbase southeast of Haifa in retaliation for a series of Israeli attacks in Lebanon last week that killed dozens of people. Reports. Israeli attacks on Hezbollah included a missile attack on Beirut on Friday, raising the death toll to at least 37, the Associated Press […]
GBP/USD: Sterling Rises to 2.5-Year High of $1.3330 on Bank of England Rate Decision – TradingView
Key Points: The pound rose to its highest level in two and a half years. The dollar loses control over foreign exchange trading. The Bank of England kept interest rates unchanged. Illustration: TradingView The British currency surged against the US dollar after the Bank of England decided to keep interest rates on hold, a sharp […]
Trump visits NYC crypto bar, bitcoin rises
Former President Trump campaigned at a Bitcoin bar in New York. Former President Trump visited a crypto-themed bar in Manhattan during a campaign stop on Wednesday night, just days after announcing a new crypto venture. While at Pubkey, the Republican presidential candidate used Bitcoin to pay for burgers for attendees, with the bill running to […]
Gold price rises as Fed rate cut expectations grow – FXStreet
Gold prices rise as the probability of a 50bps Fed rate cut rises to 59% amid falling US Treasury yields. The US Dollar Index (DXY) fell 0.36% to 100.74, boosting the lower-yielding metal. Traders are awaiting U.S. retail sales and housing data on Tuesday ahead of the Fed's decision and Chairman Jerome Powell's press conference […]
Vietnam typhoon death toll rises to 233 as more bodies found in areas hit by landslides, flooding
Vietnam's death toll from Typhoon Yagi rose to 233 on Friday as rescuers retrieved more bodies from areas hit by landslides and flash floods, state media said. Floodwaters from the swollen Red River are starting to subside in the capital Hanoi but many districts remain submerged and experts predict it could be days yet before […]
This is Trump's real opportunity to stop Harris as she rises in polls: McGurn
Wall Street Journal main street columnist Bill McGurn assesses the 2024 race, Harris’ ‘opportunity economy,’ the minimum wage … source
Wholesale price figure rises unexpectedly in August
Core wholesale prices, which exclude volatile food and energy prices, rose more than expected, further dampening hopes for a 50 basis point rate cut next week. The U.S. government's producer price index, which tracks the costs of goods and services from domestic producers, rose 0.2% last month, in line with economists' expectations, according to a […]
Australian Dollar rises due to risk-on mood, focus shift to US Initial Jobless Claims – FXStreet
The AUD/USD pair rose following comments from former Reserve Bank of Australia (RBA) Governor Bernie Fraser. Bernie Fraser criticised the Reserve Bank of Australia's board for placing too much emphasis on inflation at the expense of the jobs market. Australian consumer inflation expectations eased to 4.4% in September, down slightly from a four-month high of […]
Consumer Price Index eases, but core inflation rises unexpectedly
A surprise rise in a measure of underlying inflation last month dampened hopes of a big interest rate cut at the Federal Reserve's meeting next week. According to the U.S. Bureau of Labor Statistics, the consumer price index rose 2.5% in August from a year earlier and 0.2% from the previous month, in line with […]
Gold price rises ahead of US CPI data and first Harris/Trump presidential debate – FXStreet
As Treasury yields fall and the US dollar weakens, gold prices rise. Traders are awaiting US CPI data. The probability of a Fed rate cut is 67% for a 25bps cut and 33% for a 50bps cut. The focus now shifts to the first US presidential debate, which could influence pre-election market sentiment. Gold prices […]