Breaking news from trusted financial sources. Central bank decisions, economic data releases, and expert analysis.
Proprietary trading firm Pipcy unveils a novel evaluation system, allowing traders to qualify based on pips earned, not just monetary gains.
Financial markets are closely watching today's release of Sweden's preliminary inflation figures for July, with core inflation estimates at 0.4% year-on-year.
Renewed US-China trade tensions are contributing to market cautiousness, alongside Federal Reserve hawkishness and tech sector concerns.
Gold's price has shown renewed upward momentum, pushing past a significant resistance level after a period of consolidation.
US equities saw a mixed session with tech stocks declining as investors weighed the substantial capital expenditure in artificial intelligence.
Gold prices maintained slight increases, remaining under the $2,350 mark as the US Dollar saw a modest rebound in early trading.
Asian technology shares declined following investor worries about future artificial intelligence expenditures impacting major regional indices.
Silver prices have demonstrated consistent gains over recent sessions, trading above the $62.00 mark per troy ounce.
Federal Reserve official Mary Daly affirmed her support for the July decision to maintain interest rates, emphasizing a data-dependent approach.
The US Dollar Index (DXY) is trading with a negative bias for the third consecutive day, remaining close to a multi-week low.
The Japanese Yen advanced against the US Dollar early Thursday following reports of a coordinated currency intervention by the US and Japan.
Concerns regarding the sustainability of artificial intelligence capital expenditure led to a downturn in Asian technology and semiconductor stocks.
Fitch Ratings indicates that recent volatility in South Korea's equity markets presents minimal immediate credit risk to the broader financial sector.
The Canadian Dollar gained against the US Dollar on Thursday, supported by rising crude oil prices and reduced expectations for aggressive Fed rate hikes.
Australia's trade balance unexpectedly shifted to a surplus of AU$1.929 billion in June, significantly exceeding market expectations.
Former President Trump's frequent informal discussions with Federal Reserve Chair Warsh are noted as a shift from typical White House-Fed protocol.
China's central bank established the daily yuan reference rate against the US dollar and conducted liquidity injections to support the financial system.
Foreign investment in Japanese equities saw a notable reduction in the week ending July 31, according to recent financial data.
Japanese investors significantly increased their foreign bond holdings in July, shifting from a net outflow in the prior period.
Iran and Oman are reportedly nearing completion of a commercial shipping framework for the Strait of Hormuz, according to Iran's Foreign Ministry.
South Korea's current account surplus significantly increased in June, driven by strong goods exports and reduced primary income outflows.
PIMCO suggests AI-related sectors are artificially inflating core PCE, potentially influencing Federal Reserve rate cut expectations.
A potential agreement granting Iran shipping control in the Strait of Hormuz could introduce new market dynamics for crude oil.
The US government has returned about $100 billion in tariffs deemed unlawful, a move that could aid importers, while new duties emerge.
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