News and Information
U.S. job vacancies plunged to a more than three-and-a-half-year low, but consumer confidence rose to a nine-month high
U.S. job openings fell to a three-and-a-half-year low in September, but nearly all of the decline was in the South, suggesting Hurricanes Helen and Milton have temporarily dampened demand for labor. The Labor Department's report released Tuesday showed that consumer spending in October...
The U.S. dollar index posted its largest monthly gain since 2022, and U.S. Treasury yields hit a three-month high
The dollar posted its biggest monthly gain in two-and-a-half years against a basket of major currencies on expectations that its policies might delay interest rate cuts, driven by signs of strength in the U.S. economy. The dollar index climbed 3.6 percent in October to 104.46, which was...
U.S. retail sales are surging and initial jobless claims are falling, solidifying expectations for a small interest rate cut
U.S. retail sales rose solidly in September, likely as lower gasoline prices gave consumers more money to spend in restaurants and bars, supporting the view that the economy maintained strong growth in the third quarter. The Commerce Department reported a slight increase in retail sales on Thursday...
The dollar hit an 11-week high, and inflation data depressed the pound to a two-month low
It is worth noting that the dollar strengthened by 0.3% on Wednesday, hitting an 11-week high of 103.60, which left gold bulls still hesitant. Some bulls took profits near historical highs, causing gold prices to fall slightly in late trading on Wednesday. On the one hand, investors...
Federal Reserve Governor Greg Coogler said he doesn't expect inflation to fall below target, and the dollar index rallied from a 14-month low
Fed Governor Adriana Kugler said Wednesday that she doesn't expect inflation to fall below the central bank's 2 percent target, noting that while some measures of inflation excluding housing are below target, the target is for headline inflation.
With Israel launching intensive air strikes, the gold outlook is tilted to the upside and is set to continue to hit record highs
Israel said it launched a large-scale airstrike on "Hezbollah targets in Lebanon" on September 23, hitting more than 1,600 targets. Israel continued to launch new airstrikes in various places in Lebanon on September 24. Agence France-Presse said sources on both sides...
Fed policymakers say job risks justify rate cuts, discuss pace of shift to easing
Several Federal Reserve policymakers said Monday that the sharp 50 basis point cut in interest rates last week was an effort to maintain what they believe is a healthy balance emerging in the economy, with inflation moving toward target and unemployment near levels consistent with stable prices.
Poland calls for lifting restrictions on Ukraine's use of Western long-range weapons
On September 12 local time, US Secretary of State Blinken visited Poland and held talks with Polish Foreign Minister Sikorski. After the meeting, Sikorski called on the West to lift restrictions on the use of Western long-range weapons in Ukraine. Sikorski said: "We should...
Demand at the end of the month pushed the dollar to its biggest one-day gain since June, keeping an eye on economic data
The dollar rallied on Wednesday on month-end buying and technical factors, after hitting its lowest level in more than a year in recent losses, as traders awaited data that could determine the pace of the Federal Reserve's looming easing cycle. The foreign exchange market has seen several sharp moves this month.
U.S. consumer confidence rose to a six-month high in August, but concerns about the labor market intensified
U.S. consumer confidence rose to its highest level in six months in August, with people optimistic about the economic outlook, but more concerned about the labor market after the unemployment rate rose to a nearly three-year high of 4.3 percent last month. (U.S. Consumer Confidence Index) World...
The Federal Reserve meeting is approaching, and analysts expect gold prices to hit $3,000 an ounce next year
Gold prices have hit several highs this year and analysts expect them to hit new highs. Some analysts expect gold prices to hit $3,000 an ounce next year as the Federal Reserve meeting approaches. Data from FactSet shows that gold prices have stabilized in the last...
US bond yields fell, the market digested optimistic economic data
U.S. Treasury yields fell back on Friday, partially reversing the previous day's sharp rally as currency traders digested data showing U.S. consumer resilience and falling inflation trends, leaving ample room for the Federal Reserve to cut interest rates slightly next month.
Data show that the UK's GDP grew by 0.6% in the second quarter, and the UK's economic growth expectations have risen, which may continue to support the pound
Sterling rallied against all major currencies except the Australian dollar on Thursday after official data showed a strong second quarter for the British economy. Sterling rallied sharply in morning trading after the Office for National Statistics reported a 0.6% increase in second-quarter GDP.
The US CPI data for July showed that inflation slowed to 2.9%, providing new room for volatility and interpretation in the market
The U.S. Consumer Price Index (CPI) for July, released on Wednesday (August 14), once again took the spotlight on the market, with data showing inflation slowed to 2.9 percent, below market expectations of 3 percent, marking the first annual CPI reading since March 2021.
Economic signals are positive, but interest rate decisions have a greater impact on oil prices
Oil prices rallied on the back of positive US jobs data easing economic concerns. The Labor Department reported a sharp drop in jobless claims, signalling a resurgent job market. Despite the positive economic signals, the move came on the back of concerns about the Federal Reserve's interest rate decision.
