Gold prices rose on Tuesday as signs of weakening economic activity
Gold prices rose on Tuesday as signs of weakening economic activity from across the globe drove even more demand for the safe haven. Copper prices extended losses into its third consecutive day.
As of 2045 EST (1244 GMT), spot gold…
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European stock markets expected to open lower on 2/8/2022, on raised geopolitical concerns
European stock markets are expected to open lower on Tuesday amid growing concerns about geopolitical concerns and a slowing global economy.
As of ET 02:00 (GMT 0600), the German DAX futures contract was down 0.6%, the French CAC 40…
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US economy contracted again in the second quarter, boosting fears of recession
The US gross domestic product fell for the second straight quarter in April-June period, raising concerns that the economy was already in recession.
The US economy contracted by 0.9% in Q2, following 1.6% contraction in Q1, missing…
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Bulls start to lose traction after post-Fed 1% rally
Cable eases from one-month high in European trading on Thursday after being inflated by fresh risk appetite on unclear signals from Fed that prompted investors out of dollar.
Although the Fed raised interest rates by 0.75% as expected,…
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Bearish tone to prevail below pivotal 1.0270 Fibo barrier
The Euro reduced speed on Thursday after post-Fed 0.83% jump and still holding below pivotal Fibo barrier at 1.0270 (38.2% of 1.0786/0.9952 descend) where bulls were trapped last week.
Support from unclear signals about the size of Fed’s…
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Fed 0.75% hike was expected, but Powell’s decision to avoid mentioning the size of next rate hike…
The US Federal Reserve delivered the second consecutive 0.75% interest rate hike in its July policy meeting, in line with expectations, bringing the policy rate to 2.25%-2.5% range.
Soaring inflation that reached the highest level in…
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German consumer sentiment falls to a record low on gas supply fears
The Gfk Institute data showed that German consumer sentiment dropped to -30.6 heading into August from downwardly revised -27.7 in July and falling well below forecast at -28.9.
The consumer sentiment is to hit new record low in August,…
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Gold looks for fresh direction signals from Fed
Spot gold is holding within a tight range ahead of week’s key event – Fed rate decision that is expected to influence metal’s near-term outlook.
The US Federal Reserve is widely expected to raise interest rates by 0.75% for the second…
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Euro is in quiet mode and awaiting signals from Fed
Near-term range is narrowing the Euro turned into directionless mode ahead of this week’s key event – FOMC policy meeting, which is eyed for fresh signals.
Near-term action is extending into third consecutive daily Doji that signals…
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Recession fears and risk mode weigh on dollar
The dollar index came under pressure on fresh risk mode and weighed by recession fears amid Fed’s aggressive rate hike path that threatens of further slowdown of the economy.
Fresh bears pressure last Friday’s two-week low (105.97) on…
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