Leavitt demonstrates U.S. wage growth despite low, steady inflation: ‘Don’t listen to the alarmists and have faith in President Trump’
Leavitt Defends Trump’s Economic Management In a recent press conference, White House spokesperson Caroline Leavitt defended President Donald Trump’s handling of the economy, dismissing criticism she described as part of the “Panican.” This term, reportedly coined by Trump, refers to individuals he believes are overly anxious about new tariffs and their implications. During the briefing, […]
Indian Rupee remains steady as investors anticipate July’s CPI data for India and the US
The Indian rupee has dropped to nearly 87.90 against the US dollar as inflation in India rose moderately in July. India’s retail inflation rate increased to 1.55% year-on-year, marking the lowest level seen in eight years. The US and China have both consented to extend their 90-day tariff ceasefire. On Tuesday, during the latter part […]
US stocks hold steady at the start, remaining close to record highs, as inflation data is set to be released.
Stock Market Overview On August 11, US stocks experienced minimal changes as they hovered near record levels, with investors awaiting fresh inflation data. This July, the consumer price index (CPI) is anticipated to rise. A poll from Reuters suggests a projection of 2.8% year-over-year, slightly up from June’s 2.7%. There’s curiosity about whether President Trump’s […]
Ethereum’s Steady Growth Brings Vitalik Buterin Back to Billionaire Status
The current crypto bull market seems to be heading toward a significant shift, often marked by Bitcoin passing the leadership role to Ethereum as three major factors come together, enhancing Ethereum’s prominence. This trend in the crypto market generally follows a familiar pattern. Initially, Bitcoin captures profits during the early excitement among bullish investors. As […]
Pound Sterling remains mostly steady ahead of BoE decision
The pound is expected to trade steadily prior to the Bank of England’s (BOE) financial policy announcement at 11:00 GMT. Analysts are anticipating that the BOE will lower interest rates by 25 basis points, reducing them to 4%. With increasing worries about the labor market, the growing consensus among Federal Reserve officials may influence rate […]
US Dollar Index holds steady above 98.00 as speculation around Fed Chair grows
The US dollar index shows some changes after losing over 0.5% on Wednesday. Trump is considering Kevin Hassett, former Fed Governor Kevin Wahsh, and a couple of others for the role of Fed Chairman. The CME FedWatch tool indicates a nearly 95% likelihood of a 25-basis point reduction in the Fed rate this September. The […]
GBP/USD remains steady, Pound Sterling creates uncertainty ahead of BoE rate decision.
GBP/USD remained stable on Tuesday, showing little movement. The currency pair is stuck around the 1.3300 mark, lacking any significant momentum. US PMI data added to a cautious sentiment on Tuesday. GBP/USD has been in a holding pattern this week as market participants pause to reassess following last week’s drastic shifts in economic forecasts. Recent […]
US Services PMI expected to stay in steady growth range
Improvements in US ISM Services PMI observed for July. The U.S. services sector is anticipated to remain in the growth zone. Investors are leaning towards the possibility of two interest rate cuts from the Fed this year. The Institute for Supply Management (ISM) released its July services PMI on Tuesday, with predictions suggesting a rise […]
Australian Dollar stays low while US Dollar remains steady before ISM Services PMI report.
Even with positive domestic S&P PMI data, the Australian dollar faces pressure. China’s Caixin Services PMI rose unexpectedly to 52.6 in July, compared to the forecasted 50.2. Governor Adriana Kugler’s resignation offered Trump an earlier chance to sway the central bank’s direction. The Australian Dollar (AUD) is experiencing a downturn for the second consecutive day, […]
Canadian Dollar remains steady as pressure from a strong U.S. Dollar lessens
Canadian Dollar Weakens Amid Market Developments The Canadian dollar lost some momentum on Monday following a strong performance in the market last week. Many Canadian markets are closed at the start of the week due to public holidays, affecting overall trading activity. This week features essential labor data from Canada, which will inform expectations regarding […]