Gold Analysis – Inflation Concerns and Fed Policy
Gold prices fell to around $2,360 per ounce on Thursday. This decline comes as investors adjust their expectations for interest rate cuts following hawkish...
May 23, 2024
EIA Data – Crude Inventories Rise Unexpectedly
WTI crude futures fell below $77 per barrel on Thursday, marking the fourth consecutive decline. This drop comes as the latest Federal Reserve minutes...
May 23, 2024
AUDUSD Analysis – Fed Hawkish Stance
The Australian dollar held around $0.662 (AUD/USD) despite experiencing a 1% drop for the week. This decline was influenced by the US dollar’s strength,...
May 23, 2024
GBPUSD Gains Ground Amid UK Inflation Eases
The British pound has surged to $1.275 (GBP/USD), marking its highest value in two months. This rebound comes after a period of volatility as...
May 23, 2024
EURUSD Nears $1.08 Amid Central Bank Moves
As we approach the end of May, the Euro is hovering around $1.08 (EUR/USD). It reached a high earlier this month, but it has...
May 23, 2024
Inflation Data Pushes Canadian Dollar Down
The Canadian dollar has slipped to above $1.36 (USD/CAD), moving away from the five-week highs seen earlier this month. This shift comes as recent...
May 22, 2024
