Why UBS has increased its gold forecast once more as the precious metal stays close to record levels
UBS Raises Gold Price Forecasts for 2026 UBS strategists have revised their predictions for Spot Gold prices in 2026, anticipating a continuation of upward momentum that could lead to new record highs this year. They’ve maintained their 2025 target at $3,500 per ounce, slightly above the current spot rate of about $3,340. For next year, […]
US Dollar Index stays above 98.00 as hopes for Ukraine-Russia peace rise
US Dollar Index Gains Support Amid Ukraine-Russia Dialogue The US Dollar Index is buoyed by encouraging signs regarding a potential resolution to the Ukraine-Russia conflict. Preparations have begun for a trilateral meeting involving President Trump, Russian President Putin, and Ukrainian President Zelensky. The CME’s FedWatch tool indicates an 84% probability of a 25 basis point […]
GBP/USD stays close to 1.3540 as traders look forward to the Ukraine-Russia outcome and Powell’s speech.
GBP/USD remains steady amid hopes for a ceasefire between Trump and Putin, offsetting a quiet economic calendar. Market awaits Powell’s speech at Jackson Hole, along with FOMC Minutes and US PMI data. The UK’s CPI is anticipated to be 3.7%, adding pressure on the BOE after a 25 bps cut in the last meeting. The […]
‘Weapons’ stays at number one in the weekend box office, outpacing the new release ‘Nobody 2’
LOS ANGELES – The horror film “Weapons” dominated the box office once again, maintaining its top position in its second weekend, outperforming “Freakier Friday” and newcomer “Nobody 2.” Directed by Zach Cregger, “Weapons” garnered $25 million from 3,450 theaters across North America, seeing a 43% drop from its opening weekend. The film’s solid audience feedback […]
Murder of elderly resident at the upscale Barbizon Hotel in NYC stays unsolved after 50 years
Murder at the Barbizon Hotel: A Tragic Tale from 1975 A tragic incident unfolded in August 1975 when an elderly resident of the now-iconic Barbizon Hotel in Manhattan was found strangled in her suite. Ruth Harding, discovered on August 15, marked the decline of the once-thriving establishment that had been a sanctuary for women chasing […]
USD/CAD stays under 1.3800 as Oil prices rise before US inflation report
USD/CAD faces some challenges as the Canadian dollar benefits from rising crude oil prices. Oil prices increased following improved market sentiment after the Trump administration delayed tariff implementations in China. The Canadian dollar could feel pressure as expectations for Bank of Canada rate changes strengthen, particularly after recent disappointing employment figures. The USD/CAD pair has […]
EUR/USD stays above 1.1600 as sentiment brightens with the approaching US-Russia meeting.
Market sentiment improves, benefitting the EUR/USD ahead of the upcoming US-Russia conference. Trump and Putin are set to meet to discuss the situation in Ukraine. Traders are on alert for US inflation data that could influence the Federal Reserve’s interest rate decisions. On Tuesday, during Asian trading, the EUR/USD hovered around 1.1620 after experiencing declines […]
Gold stays below $3,400 but remains above the 20-day EMA.
Gold prices are seeking new catalysts to break through the significant resistance at $3,400. Federal Reserve officials appear to be leaning towards a more dovish stance on monetary policy. President Trump intends to impose tariffs on China for purchasing oil from Russia. Gold Price (XAU/USD) is having a hard time surpassing the critical $3,400 mark […]
Pound Sterling stays calm around 1.3350 before BoE decision
The Bank of England is set to lower interest rates by 25 basis points on Thursday, which could influence GBP/USD movements. Trump plans to confirm a new Federal Reserve chair and Kugler by the end of this week. Federal Reserve officials pointed out that ongoing uncertainty remains a significant challenge for clear policy communication. GBP/USD […]
Democrat state senator stays dedicated to informing undocumented immigrants about ICE raids in her state
Arizona Senator Warns Immigrants About Federal Enforcement Arizona Senator Analiz Ortiz (D) has taken to social media to alert undocumented individuals about upcoming federal immigration law enforcement activities in the state, stating her intention to keep this practice going. On X, a social media account called Tiktok’s Libs shared a screenshot from Ortiz’s Instagram Stories. […]