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Gold diggers - literally and figuratively - should be in high spirits right now! 😂 Gold continues to hit new record highs, rising above $2,500, driven by a weaker US dollar and expectations of a Federal Reserve rate cut in September.…

We have reached the point where we need to zoom out to paint a clear picture of the forex market. A great example of this is Cable, where the daily chart shows that we are only 60 pips away from the July 2023 high.GBPUSD DailyIf this is…

(Corrects currency to Canadian dollars from US dollars in title and paragraph 1) Written by Merinalika Roy Canadian Fertilizers warned Tuesday that disruptions affecting all rail services across the country will cost the fertilizer…

The US dollar is falling sharply, causing the EUR/USD pair to rise. The dollar's weakness has fueled dovish comments from Fed officials, especially on the gradual approach to interest rate cuts.This sentiment is supported by recent US…

US government Over 10,000 Bitcoins Moved Recently (BTC) from a government-linked wallet, a transaction worth about $600 million, to a Coinbase Prime-linked wallet. The move follows a previous $2 billion transfer in late July. The U.S.…

The People's Bank of China sets the medium-term lending facility rate on the 15th of each month. The rate is currently 2.3%, after the People's Bank of China made a surprise interest rate cut on the 25th of last month!There is a widespread…

the US Dollar The Australian dollar fell against major currencies today as signs of easing inflation emerged, further supporting the possibility of a Federal Reserve interest rate cut in September.The U.S. consumer price index, a key…

the Japanese Yen The pound fell against the US dollar on Monday, after a strong run last week. Markets, especially Japanese ones, were rocked last week by the end of the once-popular yen carry trade, which involves borrowing yen at a low…

In the opening video for August 9, I take a look at three major currency pairs, EURUSD, USDJPY, and GBPUSD from a technical perspective.For the EUR/USD pair, the pair is trading up and down during today’s trading, but has found resistance…

Major US stock indexes are trading mixed in early trading. The Nasdaq and S&P were little changed. The Dow Jones Industrial Average was down.A picture of the market 11 minutes after opening, showing:The Dow Industrial Average fell…