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Forex
With Q3 earnings rally, it’s time for Broadcom to replace Tesla in Magnificent 7
Broadcom's massive Q3 report makes it a prime target for Mag7 inclusion.It should replace Tesla as the latter has a lower valuation and profit…
US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility
United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people…
WTI hits three-month low as OPEC+ meeting looms
WTI falls to $61.20, its lowest level since June 2, before stabilizing near $61.50.Markets brace for Sunday’s OPEC+ meeting, with Saudi Arabia pushing for an…
Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy
XAU/USD rallies to a fresh all-time high after NFP miss, with unemployment rising and wage growth holding steady.US 2-year Treasury yield plunges 11 bps to…
USD/CHF plunges below 0.8000 as weak NFP boosts odds of deeper Fed cuts
The Swiss Franc strengthens as USD/CHF drops below 0.8000 to its lowest since late July.Weak US NFP data fuels Fed rate cut bets and triggers broad US Dollar…
Fed’s Goolsbee remains undecided on September rate decision
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment data is typically a cause for interest rate…
Canadian Dollar reverse bullish momentum, backslides further on Friday
The Canadian Dollar tumbled 0.65% against the US Dollar on Friday.Worse-than-expected NFP jobs data sent investors piling into the Greenback safe…
Dow Jones Industrial Average backslides after disappointing NFP print sparks recession fears
The Dow Jones backslid on Friday, falling back below 45,500.NFP job gains came in well below expectations, adding further bets to Fed rate cuts.A steepening…
EUR/USD jumps to 1.1714 as weak US jobs data sinks Dollar
The Euro climbs as Nonfarm Payrolls show weak hiring, rising unemployment, and steady wage growth in August.US 2-year Treasury yield tumbles as markets fully…
USD/CHF Price Forecast: Sinks below 0.80 on weak NFP data
USD/CHF breaks under 50-day SMA at 0.8020, closing below 0.8000 with momentum favoring further downside.Bears eye 0.7950 and July 23 low at 0.7911, with path…