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Today’s Forex: Attention turns to US consumer sentiment data

Market Insights for May 16th Here’s the latest on this Friday: the market appears cautious as the US Dollar (USD) struggles to maintain its strength against major rivals. Building permits, a key economic indicator, are expected to begin reporting in April, while the University of Michigan will release its preliminary consumer sentiment index for May. […]

Gold prices expected to decline further as positive market sentiment emerges: Experts

Gold Prices Decline Amid Improved Risk Sentiment The price of gold, often seen as a safe haven asset, has experienced a significant drop in recent trading sessions, reaching a five-month low. This decline comes as global sentiment improves due to reduced geopolitical tensions and tariff concerns. Analysts suggest that gold prices may undergo some short-term […]

Marriott CEO expresses the right sentiment regarding DEI, receives 40K emails in reply.

Top hotel executives have shared the substantial support they received regarding diversity, equity, and inclusion (DEI) efforts. During last week’s summits, Marriott CEO Anthony Capuano addressed attendees about the cultural and workplace shifts DEI has prompted, recalling his surprise at receiving tens of thousands of encouraging emails from colleagues. “The day the DEI executive order […]

Australia re-elects Anthony Albanese as Labor capitalizes on anti-Trump sentiment for a decisive victory | Australian election 2025

In a significant political shift, Australia’s Prime Minister Anthony Albanese has secured a second term following a decisive win against opposition leader Peter Dutton, who unfortunately found himself unable to shake off unfavorable comparisons to Donald Trump and lost his own seat in the process. Albanese’s Labour Party delivered an unexpectedly strong performance during the […]

Consumer Sentiment Inches Up From Midmonth But Remains Near Historic Lows

Consumer sentiment improved slightly from the beginning of the month in late April, but was deeply depressed by widespread concerns over historic decline in inflation, tariffs and trust among Democrats. The final read on the University of Michigan Consumer Sentiment Index rose to 52.2 in April. It marked the fourth consecutive monthly decline since July […]