Neither S&P 500 nor Nasdaq could challenge Thursday‘s highs – opportunity to sell was acted upon right off the opening bell. Both decent intraday recoveries failed, and the indices closed on a risk-off mode – taking risk down was visible in the leader Russell 2000 as well. Smallcaps have thoughContinue Reading
The Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Friday, as resilient US economic data and hawkish-leaning Federal Reserve (Fed) rhetoric keep the Greenback firmly supported. At the time of writing, AUD/USD trades around 0.6684, down about 0.20% on the day and poised toContinue Reading
EUR/USD drops even though the Dollar pared some of its earlier gains on Friday sparked by solid US economic data releases in the week, which has improved the outlook for the labor market. This trimmed the chances for further easing by the Federal Reserve, a tailwind for the Greenback. TheContinue Reading
Trifecta of slow-growing prices, falling mortgage rates and rising incomes inform Zillow’s forecast The mortgage payment for a typical home should be affordable in 20 of the nation’s 50 largest metros by December 2026, according to Zillow’s projections, with Chicago, Atlanta and Raleigh joining the current list. Affordability is expectedContinue Reading
EUR/USD trades with losses on Tuesday even though the latest inflation in the United States was benign, hinting that the Federal Reserve could indeed reduce interest rates as priced in by the financial markets. At the time of writing, the pair trades at 1.1642, down by over 0.20%. Euro weakensContinue Reading
Gold Price (XAU/USD) jumps to near $4,600 during the early Asian session on Tuesday. The precious metal extends the rally after retreating from a fresh record high of $4,630 in the previous session amid uncertainty and geopolitical risks. The US Consumer Price Index (CPI) inflation data for December will takeContinue Reading
UK employers report weaker hiring but stronger pay growth in DecemberRead MoreContinue Reading
Exclusive-US may lift more Venezuela sanctions next week, Bessent saysRead MoreContinue Reading
Donald Trump has called for a one-year cap on credit card interest rates of 10% from January 20, saying that his administration will no longer let the American Public be “ripped off” by credit card companies. The date marks the anniversary of his second term as US president. File photoContinue Reading
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