Gold Spiked to All-Time Highs on Powell Speech & Middle East Jitters
XAU/USD hit new record highs on Middle East concerns and greenback decline after Friday’s speech by Mr Powell boosted market optimism for rate cuts by the Fed
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XAU/USD hit new record highs on Middle East concerns and greenback decline after Friday’s speech by Mr Powell boosted market optimism for rate cuts by the Fed
The EV leader started on Thursday deliveries of its futuristic Cybertruck, after multiple delays and production challenges, but focus shifts towards cheap and mass-produced EVs
The organization of oil exporting countries and allies such as Russia, agreed yesterday to curb output by another 2.2 mbpd for the first quarter of 2024 on top of previously agreed cuts
Air traffic has been recovering from the pandemic plunge, helping airlines boost their balance sheets and plane manufacturers increase their output, but can they carry the momentum into 2024?
Watch today’s US Open for insights on the inflation deceleration in the US and Eurozone, the hawkish hold from the central bank of New Zealand, Tesla’s Cybertuck delivery event and more
The pair extends this month’s rally after the New Zealand central bank kept more tightening in play despite holding rates steady, but today’s US PCE inflation update can determine its trajectory
HKG33 faces pressure in a mixed month, after today’s Manufacturing PMI showed further contraction, highlighting China’s fragile economic state
The central bank maintained rates at 5.5% for fourth straight meeting on Wednesday, but appeared concerned about inflation, warning of further tightening and raising its terminal rate projection
Watch today’s US Open for insights on the persistent Japanese inflation and its impact on USD/JPY, the cautious return of Wall Street from Thanksgiving and key events ahead including US and Eurozone inflation updates
The pair shows signs of exhaustion as a profitable month heads to a close, awaiting Thursday’s inflation updates from Eurozone and the US, among other releases
The pair rises as the UK PM touts the pledge of almost £30 bln in foreign investment following the “Autumn Statement for Growth”, which also strengthens prospects for a prolonged restrictive stance by the BoE
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