Inflation data from the US supported investor expectations of looming rate cuts.
Powell said that the rate hike cycle was likely at an end.
Economists do...
There was optimism that the Federal Reserve’s hiking cycle was done.
Data revealed a larger-than-expected drop in Americans filing new jobless claims.
Fed meeting minutes revealed...
The Fed’s minutes failed to change expectations of looming rate cuts.
Bank of England Governor Bailey highlighted the risks of sustained inflation growth.
Markets are pricing...
Gold price closed the week higher as the dollar struggled.
The US inflation cooled down, putting pressure on the greenback.
Technical correction may occur in gold...
Share: Mexican Peso's advance against the US Dollar halts, with USD/MXN bouncing from recent lows despite broad-based USD weakness. Banxico officials...
The bias remains bullish despite minor retreats.
A new higher high may activate further growth.
Only a valid breakdown below the pivot point opens the door...
UPCOMING EVENTS:Tuesday: AU-JP-EZ-UK-US PMIs, UK Unemployment Rate.Wednesday: Australia CPI, German IFO, BoC Policy Decision.Thursday: ECB Policy Decision, US Durable Goods, US GDP Q3, US...
