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Market OverviewThe FOMC called for a 50 bps rate cut. This supersized cut issued a sudden burst of strength in demand for GOLD, but was quickly doused by FED Chair Powells remarks.Chair Jerome Powell
Market OverviewThe FOMC called for a 50 bps rate cut. This supersized cut issued a sudden burst of strength in demand for GOLD, but was quickly doused by FED Chair Powell’s remarks.Chair Jerome Powell
Product: XAU/USDPrediction: IncreaseFundamental Analysis:Gold prices fluctuated within the $2,550-$2,600 range during the North American session after the Federal Reserve (Fed) cut rates by 50 bps. Th
Summary: Global markets experienced significant fluctuations on Wednesday after the release of US inflation data. GTC Chief Analyst Jameel Ahmad highlighted that this week’s frequent market volatility
Dollar ceded while Wall Street stood pat ahead of the FOMC interest rate decision.Japanese Yen eases on soft trade data, boosting Nikkei higher. BTC reversed the bearish trend ahead of Feds monetary p
Market OverviewU.S. Core retail sales appeared lower than usual at 0.1%, while overall Retail sales appeared at 0.1%, better than the expected -0.2% but worse than last month's release at 1.1%.This we
Market OverviewU.S. Core retail sales appeared lower than usual at 0.1%, while overall Retail sales appeared at 0.1%, better than the expected -0.2% but worse than last months release at 1.1%.This wea
Following recent success at the Finance Magnates Pacific Summit in Australia earlier this month, multi-asset Forex and CFD broker, FP Markets, was presented with three coveted Global Forex Awards at a
On September 7th, the “Deeper and Richer—WikiEXPO 2024 Thailand” concluded successfully. Leading figures from the global financial industry, renowned entrepreneurs, and thought leaders gathered to sha
Market AnalysisGOLD - GOLD has stayed stagnant on new highs, with a high chance of showing a correction and a return lower. We wait for further trading before confirming market direction. The supply a
Were live at iFX EXPO ASIA 2024! Visit FPG Fortune Prime Global at Booth 112 and discover why we’re the right fit for you. See you there!
US Dollar Dips as Federal Reserve Rate Cut Looms – Investors are bracing for a possible 50-basis-point rate cut at the Federal Reserves upcoming meeting.Oil Prices Climb on Hurricane Disruptions in th
Market AnalysisGOLD - GOLD has stayed stagnant on new highs, with a high chance of showing a correction and a return lower. We wait for further trading before confirming market direction. The supply a
The dollar eases to a weekly low while Wall Street gains ahead of Wednesdays Fed interest rate decision. Gold surged to an all-time high on the weakening dollars strength.Market SummaryU.S. Dollar (US
Market OverviewThis week, major market data is set to be released, with the focus on the Federal Reserve's (FED) rate cut decision on Thursday. Traders are split on the size of the cut; a 50-bps cut c
Market OverviewThis week, major market data is set to be released, with the focus on the Federal Reserve's (FED) rate cut decision on Thursday. Traders are split on the size of the cut; a 50 bps cut c
On Thursday, investors closely watched the release of U.S. initial jobless claims and the Producer Price Index (PPI). The data showed that for the week ending September 7th, the number of initial jobl
Initial Jobless Claims came in at 230k, higher than the market consensus, pushing the dollar lower.The ECB cut rates by 25 bps, in line with market expectations.Gold surged to a new all-time high ahea
Market OverviewThe recent debate between Kamala Harris and Donald Trump has sparked discussions about the potential economic impact of the upcoming election. While public opinion polls favor Harris, t
Market Overview:In a recent debate between Kamala Harris and Donald Trump, the question arises: Who emerged as the winner? Trump blamed biased moderators, while CNN polls show 63% favoring Harris. Thi