Yesterday, the Atlanta Fed's GDPNow tracking model raised Q3's real GDP growth rate from 3.2% to 3.4% following a roaring September retail sales report (chart). Real consumer spending was revised up...
The European Central Bank (ECB) lowered its interest rates by 25bp yesterday, in a widely expected and priced in move. Chief Christine Lagarde highlighted that inflation is coming under control,...
The luxury of labour hoarding is coming to an end in the eurozone as corporate profits dwindle. And that’s going to mean wage growth will ease, unemployment will tick up and we’ll see more...
The EUR/USD took out the 200-DMA support yesterday and extended losses to 1.0850 level ahead of today’s European Central Bank (ECB) decision. The ECB is expected to lower its rates by another 25bp as...
Gold Hits Record Highs on Expectations of Rate Cuts From Major Banks Gold (XAU/USD) reached record highs following expectations of rate cuts from the major banks. Gold climbed towards approximately...
Cable is trading at the lows after UK CPI data softened more than expected, to 1.7% y/y as figures showed yesterday. his gives the Bank of England room for more rate cuts, potentially weakening Cable...
The US economy continues to defy the recession forecasts that received much attention in the summer. The primary drivers of economic resilience: strong growth in payrolls and consumer spending. By...
Chip stocks hit by selloff after ASML cuts 2025 guidance Dollar stretches gains as pound and kiwi fall on lower inflation Oil steadier amid ongoing ME drama, gold heads towards fresh record Chip...
Gold Gains 0.52% on a Weakening US Dollar Gold (XAU/USD) rose by 0.52% on Tuesday as the US dollar (USD) and Treasury yields declined slightly following weaker-than-expected US manufacturing data. US...
Europe’s biggest company revealed its results a day earlier – by accident – and the results were not good at all. ASML (NASDAQ:ASML) booked about half of the orders pencilled in by analysts last...