Here's the latest news from Federal Reserve Chair Jerome Powell. While speaking at a conference in Portugal, Powell expressed optimism about the US economy and decreased the possibility of a recession, stating that the economy has shown resilience and is still growing, albeit at a modest pace. He acknowledged the possibility of a recession but emphasized that it is not the most likely scenario.
Tag - usd
The labor market data is deteriorating. Initial Jobless Claims started rising. What will happen with the unemployment rate and the Nonfarm Payrolls?
New home sales in the US increased significantly. Conference Board reported that the Confidence Index rose too. Is the economy recovering? Check it out in our new review.
Experts expect the FOMC, ECB, and BOE to hike key rates further in 2023. Read the full article to learn more!
Good morning, traders! The last week was crazy with all those Bitcoin pumps and gold plunges. Let’s overview what we have for this one.
The Bank of England and the Turkish central bank increased the rates. Monetary authorities are tightening the monetary conditions. The market reacts 'selling on facts'
Here's the scoop on China's gold demand. According to Bloomberg, the country's economic slowdown is beginning to affect the sector, resulting in a cooling off of gold sales. While jewelry sales experienced rapid growth earlier this year, they only expanded by 24% in May, indicating a slowdown. China, alongside India, is a leading consumer of physical gold, including bars, jewelry, and coins
One day they say crypto is a pyramid scheme. The next day they accept it. What happened?
The possibility of a US recession has ignited intense debates, especially as the labor market and consumer spending continue to demonstrate resilience despite aggressive interest rate hikes. However, hold on to your hats because Deutsche Bank is bringing a bold statement. They see a 100% probability of a US recession unfolding.
US inflation set to fall much slower than markets expect - Goldman. However, it doesn't support the greenback.
More Bitcoin ETFs, BRICS becomes stronger, and gold upside chances. There’s nothing better than a cup of fresh news in the morning.
The Japanese Nikkei (JP225) and the German DAX (DE30) hit new all-time highs.