Global equities breathed a sigh of relief yesterday as the Federal Reserve (Fed) Chair Jerome Powell said, at his congressional confirmation yesterday, that he could pull off the hard task of fighting back inflation without damaging the economy. He soothed investors’ nerves saying that the Fed is ‘just going to be moving over the course […]
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Key Highlights Gold started a fresh increase from the $2,535 support. It broke a major bearish trend line with resistance at $2,630 on the 4-hour chart. Oil prices are recovering and might rise toward the Read more…
Canadian Dollar and Mexican Peso faced sharp declines after US President-elect Donald Trump announced plans for aggressive trade measures targeting Canada, Mexico, and China. Trump stated that on January 20, as one of his first Read more…
Minneapolis Fed President Neel Kashkari signaled that a rate cut at the December meeting remains a “reasonable consideration,” reflecting ongoing debates within the central bank. Speaking to Bloomberg TV, Kashkari stated, “Right now, knowing what Read more…