European stocks slipped mostly lower Tuesday, with investors locking in some profits on the back of an uncertain economic outlook and with more corporate earnings to digest. The DAX index in Germany closed 0.8% lower, the CAC 40 in France slipped 0.5% and the FTSE 100 in the U.K. rose 0.1%. Investors bank gains Global stock indices, from New York to Tokyo, have rallied to fresh record highs this year, and European markets have also benefited greatly, with the three main indices also posting new peaks. The DAX has gained over 20% so far this year, the FTSE 100 over 18%, while political...
GBP/USD sank for a fifth straight session on Wednesday, falling as the US Dollar (USD) catches a broad-market bid after the Federal Reserve (Fed) held rates steady and stuck to its stubborn wait-and-see stance, trimming hopes for a September rate cut. With odds of a rate cut on September 17 flying out the window, newfound market pressure will be on a hefty raft of economic data coming out of the United States (US) throughout the back half of the trading week. US PCE inflation, due on Thursday, is expected to accelerate slightly, with analysts anticipating an uptick to 0.3% MoM in June...
Gold price tumbled over 1.50% on Wednesday after the Federal Reserve, decided to hold rates unchanged, on a 9-2 split vote. Fed Chair Jerome Powell's leaning hawkish at the press conference, alongside strong Gross Domestic Product (GDP) figures for Q2 2025, weighed Bullion prices. At the time of writing, XAU/USD trades below $3,280 after hitting a high of $3,334. Risk appetite turned sour after the Fed Chair Jerome Powell pushed back against a rate cut at the September 16-17, adopting a meeting-by-meeting approach. This and uncertainty of when inflation would show tariffs effect on prices,...
The USD/JPY rallies over 0.60% after the Federal Reserve held interest rates unchanged and as Fed Chair Jerome Powell, turned slightly hawkish and muted for a September rate cut. The pair trades at 149.38, refreshing three-month highs. During his post-meeting press conference, Federal Reserve Chair Jerome Powell stated that they have no made any decisions regarding the September meeting. He said that policy is moderately restrictive and that it will take time to fully understand the effects of newly imposed tariffs, noting, "Tariff passthrough to prices may be slower than thought." He added...
Gold (XAU/USD) attracts sellers on Wednesday, hovering near $3,293 during the American trading session, down nearly 1.0% on the day. The yellow metal is losing ground after stronger-than-expected US economic data. Easing trade tensions have dampened Gold's safe-haven appeal, keeping gains in check. However, a softer US Dollar (USD) and a modest pullback in Treasury yields are offering some support. Still, overall risk-on sentiment in the markets is limiting upside momentum as traders brace for the Federal Reserve's (Fed) monetary policy decision, due Wednesday at 18:00 GMT. Gold came under...
The dollar advanced against major peers on Wednesday following better-than-expected U.S. GDP data and as investors awaited the outcome of the Federal Reserve's policy meeting later in the session. U.S. economic growth rebounded more than expected in the second quarter, expanding by 3% compared with an estimate of 2.4% based on a Reuters poll of economists. The Fed is widely expected to leave interest rates unchanged, rebuffing persistent calls by President Donald Trump to cut interest rates. The euro extended losses against the dollar following the U.S. GDP data. It was down 0.65% to...