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September S&P PMI expected to show steady economy

September S&P PMI expected to show steady economy

US Business Activity Slows Down in September The latest flash reading from S&P Global indicates that US business activity has lost some steam in September. The index dropped to 53.6 from August’s 54.6. For context, readings above 50 signify expansion, which suggests the private sector may be facing challenges in gaining further momentum. Breaking down […]

Wall Street hovers near its highs as its steady rise pauses

Wall Street hovers near its highs as its steady rise pauses

US Stocks Reach New Highs NEW YORK (AP) – U.S. stocks climbed to record levels on Monday, building on a rally that feels almost relentless at this point. The S&P 500 increased by 0.2% after recovering from an earlier slight dip in the morning. By 11:30 AM Eastern time, the Dow Jones industrial average was […]

Gold Prices Hold Steady Near Record High as Investors Prepare for Fed Rate Cut

Gold Prices Hold Steady Near Record High as Investors Prepare for Fed Rate Cut

Gold Market Update Key Points: Gold prices are continuing to perform well. Traders are anticipating the Federal Reserve’s decision. It’s important to be cautious with gold’s movements. It’s Fed Week, which has many gold enthusiasts buzzing. There’s a lot of anticipation around this major event, and some might wish they could have seen the first […]

EUR/USD holds steady around 1.1720 as the US Dollar softens following the UoM survey

EUR/USD holds steady around 1.1720 as the US Dollar softens following the UoM survey

Market Update EUR/USD shows signs of recovery from intraday low but remains under pressure. Consumer sentiment, according to UOM, falls to 55.4, missing expectations and hitting a four-month low. Zapad-2025 military drills initiated by Russia and Belarus, prompting Poland to close its border with Belarus. The euro (EUR) is trading on the defensive against the […]

USD/JPY Price Outlook: Stabilizes around 147.30 with steady RSI

USD/JPY Price Outlook: Stabilizes around 147.30 with steady RSI

USD/JPY is experiencing a second day of consolidation, with the RSI around 147.36, indicating a lack of clear momentum. Bulls are aiming for a breakout above 147.50, targeting 148.00 and the 200-day SMA at 148.69 for possible further gains. However, if the support at 147.00 fails, there could be a decline towards the 100-day SMA […]

EUR/USD holds steady above 1.1700 following disappointing US PPI, focus turns to ECB

EUR/USD holds steady above 1.1700 following disappointing US PPI, focus turns to ECB

The weakening US dollar, following disappointing PPI data, could lead to an increase in EUR/USD. U.S. PPI dropped by 0.1% month-over-month in August, raising expectations for a rate cut by the Fed next week. Attention will shift towards Thursday’s U.S. CPI and upcoming ECB policy decisions. On Wednesday, the Euro (EUR) is experiencing a slight […]