January 26, 2024SEC Chair Gensler Advocates for Accelerated Settlement in Currency MarketsGary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), has advocated for the incorporation of foreign exchange markets into the global initiative to shorten trade settlement times. Speaking at an event in Brussels, Gensler proposed reducing the timeframe for finalizing financial market deals, including currency trades, to a single day. This suggestion […] READ MORE January 26, 2024Yuan Undercuts Dollar: A Shift in Global Currency DynamicsThe BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, witnesses a shift in currency dynamics as China’s Yuan becomes cheaper than the US dollar for the first time in two decades. This significant development, highlighted in an Atlantic Council report, marks a notable moment in the long-term de-dollarization efforts of these nations. The […] READ MORE January 26, 2024Schroders Investment Insights: The Case for Gold in 2024Schroders Investment Insights highlights a remarkable trend in the gold market: despite the significant rise in real interest rates in the US over 2022 and 2023, gold prices have remained near all-time highs, currently around US$2000 per ounce. This trend breaks the conventional pattern where gold prices typically fall with rising interest rates and positive […] READ MORE January 26, 2024Oil Prices Rise Amid Global Tensions and Economic StimulusOil is poised for its most significant weekly increase since October, driven by a combination of geopolitical conflicts and economic stimulus prospects. Despite a slight dip, Brent crude is trading near $82 a barrel, having broken out of its previous range and surpassed its key 200-day moving average for the first time since November. Contributing […] READ MORE January 26, 2024Fed’s Favorite Inflation Gauge Up 2.9% from a Year AgoThe Federal Reserve’s favored inflation gauge shows a notable slowdown in December 2023. The Commerce Department’s personal consumption expenditures price index indicated a monthly rise of just 0.2% and an annual increase of 2.9%, excluding volatile food and energy costs. This data, aligning with Dow Jones economists’ predictions, marks a decrease from the 3.2% annual […] READ MORE January 26, 2024Fed's Emergency Loan Program Sees Crucial Rate HikeThe Federal Reserve’s emergency lending program, the Bank Term Funding Program (BTFP), witnessed a surge in demand, reaching a record $167.8 billion in borrowing as of January 24. This spike, approximately $6.3 billion higher than the previous week, came just before the Fed raised the program’s interest rate to prevent financial institutions from exploiting its […] READ MORE January 26, 2024ECB Resists Market Pressure for Interest Rate CutsThe European Central Bank (ECB) has resisted market pressures for swift interest rate cuts, maintaining a cautious monetary policy approach despite Europe’s faltering economy and market anticipation for more affordable credit to stimulate business and stock market activities. ECB President Christine Lagarde, affirming the decision to keep the benchmark rate at a high 4%, stated […] READ MORE January 26, 2024The Day the Hunt Brothers Capped the Price of Gold (Part 2)Many people think the Hunt Brothers were responsible for manipulating gold. But the truth is, they were framed… READ MORE January 26, 2024Gold Prices Waver as Markets Await Inflation and Fed SignalsGold prices remained constrained within a narrow range, marking a potential second consecutive week of decline, amidst market anticipation of further insights on U.S. interest rates. Investors are keenly focusing on upcoming key inflation data and the Federal Reserve meeting. Contrastingly, copper prices are on track for a robust weekly performance, buoyed by China’s latest […] READ MORE « Previous 1 … 41 42 43 44 45 … 51 Next »
