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Forex
Fed’s Logan warns inflation pressures persist, could be made worse
Federal Reserve (Fed) Bank of Dallas President Lorie Logan struck a nervous tone on Friday, warning that despite a rapidly-weakening labor market, a lot of potential policy moves…
Gold climbs as shutdown fuels haven demand, eyes record high
Gold price advances during the North American session on Friday, up by 0.70% for the day as the US government shutdown extends to three days, poised to end the week positively for…
Fed’s Jefferson nods to risks on both sides of the Fed’s mandate
Federal Reserve (Fed) Vice President and Board of Governors member Phillip Jefferson acknowledged that ongoing risks to both sides of the Fed's policy mandates are seeing growing…
Nasdaq 100 rally stalling as Elliott Wave points to 23270-830
In our previous update about the NASDAQ 100 (NDX), when the index was trading around 24520, we found that, according to the Elliott Wave (EW) Principle, the index is in an impulse…
Fed’s Miran insists Fed has room for more cuts
Federal Reserve (Fed) Board of Governors plant Stephen Miran doubled down on his belief that the Fed has a lot more room to cut its way to neutral interest rates. Miran also…
Dow Jones climbs 250 points as rate cut hopes continue
The Dow Jones Industrial Average (DJIA) caught a firm bid on Friday, rising 482 points, or 1.04%, bottom-to-top. The Dow briefly pierced the 47,000 major price handle for the first…
EUR/USD steadies as Fed divide offsets shutdown drag
EUR/USD consolidates on Friday amid a quiet trading session due to the lack of a fresh catalyst, sponsored by a US government shutdown that seems poised to extend beyond the…
NZD/USD edges up to day highs near 0.5820 but remains within previous ranges
The New Zealand Dollar is nudging higher at Friday’s early European trading session. The pair has reached fresh session highs a few pips shy of 0.5830. The immediate bias is…
EUR/USD holds daily gains with all eyes on US Services PMIs
EUR/USD is posting moderate gains on Friday, trading at the 1.1735 area at the time of writing, after bouncing from 1.1685 lows on Thursday. A mild risk appetite is weighing the…
Silver price today: rises on October 3
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Silver trades at $47.43 per troy ounce, up
0.94% from the $46.99 it cost on Thursday.
Silver prices…