Gold prices increased on Tuesday, approaching the record high from the previous session. Uncertainties surrounding the upcoming U.S. election. Anticipated interest rate cuts by central banks. Safe-Haven Demand: Increased demand for gold as a safe-haven asset amid these uncertainties.
Neel Kashkari, Minneapolis Fed President, suggests modest rate cuts expected over the next few quarters. The Fed aims to avoid a recession, noting signs of labor market weakness that led to a 50 basis point rate cut. Resilience in the economy raises the possibility of a higher neutral rate than
The Japanese yen fell against major and minor currencies, hitting a three-month low. This marks the second consecutive day of losses against the US dollar, dropping below the 150 yen barrier. Ruling party's progress in opinion polls ahead of the upcoming Japanese general election. Increased pressure from rising
Stock Performance: Tesla shares rose 12% in after-hours trading. Market Value Impact: Increase added approximately $80 billion to Tesla's market value. Profit Margin: Company reported higher-than-expected profit margins for Q3. Net Profit Growth: Net profit increased by 17.3% year-over-year to $2.2 billion (up from $1.85
US Dollar Strengthens Current Trend: US dollar index rose for the third consecutive session. Market Position: Heading towards its highest level in nearly three months. Economic Data: Rise occurred despite the lack of significant US economic data. Demand Factors: Developments in the market have bolstered demand for the dollar.
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The price is moving upwards, supported by a green trendline. Higher lows and highs are being formed. The price may test the support trendline before continuing to rise. Key resistance levels: 72.20 and 74.55. Key support levels: 68.50 and 67.00.
Four Federal Reserve members expressed support for further interest rate cuts. Three Policymakers: Advocate for a slow approach to rate cuts, describing their stance as "moderate" and "gradual." Differences arise from varying perspectives on economic strength and uncertainty in the outlook.
Gold prices surged past $2,700, approaching $3,000 per ounce. Gold has risen over 17% in the last six months, contrasting with Brent crude oil's 17% decline. The World Gold Council reported record high gold demand in Q2, likely continuing in Q3. Potential exists for central banks
Gold prices are rising towards a record high of $2,741, supported by a tepid risk tone. The US Dollar is pulling back as Treasury bond yields stabilize and earnings season begins. The daily RSI is just above overbought levels, suggesting potential for further upside. Gold's price movement
Swissquote has launched fractional trading and a “Saving Plan” order type. These innovations cater to the demand for more affordable and flexible investment options. Investors can now buy fractions of popular stocks, ETFs, cryptocurrencies, and Themes Trading products. This change allows clients to invest smaller amounts, enabling portfolio diversification without
London-based OptAxe has gained FCA authorization to operate a multilateral trading facility (MTF) for FX options trading. Founded in 2022 by HSBC FX veterans Chris Jackson and Yorke O’Leary, OptAxe aims to improve FX options trading. The platform targets challenges like pricing transparency and inefficiencies in the OTC FX
The US Dollar (USD) gained momentum, with the USD Index hitting its highest level since early August, above 104.00. Early Tuesday sees the index consolidating below this peak level. The Richmond Fed Manufacturing Index for October is the only notable data release on the US economic calendar. Central bankers,