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Forex
Technology stocks led by Oracle extend gains after inflation data surprises to downside
May CPI inflation arrives lower than expected and below April showing.
Despite reduced dot plot guidance for interest rate cuts, NASDAQ soars.
Oracle stock…
Gold price stays firm on Fed hawkish hold after softer US inflation report
Gold trades at $2,318, up 0.13%, supported by lower-than-expected US inflation and falling Treasury yields. as Fed holds rates steady.
Fed maintains rates…
Powell speech: Not at a point of giving dates for rate cuts
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to…
Powell speech: More recent readings on inflation have shown easing
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to…
Dow Jones Industrial Average rallies on chilling CPI, but pares back as Fed still looms large
Dow Jones jumped a full percent after CPI inflation cooled before receding to flat.
Fed watchers on high alert as “Dot plot” update looms ahead.
Fed rate…
GBP/USD Price Analysis: Rallies above 1.2800 as buyers gain momentum
GBP/USD soared more than 0.70% on Wednesday, post-CPI, ahead of FOMC’s decision.
Key technical resistance lies at YTD highs of 1.2893, 1.2900, and the…
Silver Price Analysis: Spikes higher and threatens to break back above key resistance
Silver shoots up after the release of US inflation data.
It threatens to break above an important resistance level at $30.00.
At the same time the…
Gold spikes after US inflation data increases Fed rate-cut bets
Gold spikes higher after the release of US CPI data shows price rises slowing in May.
The data suggests the Fed may cut interest rates sooner than expected,…
S&P 500 on track for new records: A sign of euphoria?
The stock market continued to fluctuate on Tuesday, with the S&P 500 index gaining 0.27% and reaching a new record high of 5,375.95, slightly higher than…
Oil edges up towards $80 as US inventories decline by more than expected
Oil gains ground on Wednesday ahead of a busy US trading session.
US API stockpiles data showed a bigger-than-expected decline in inventories.
The US…