In a recent speech to the Money Marketeers of New York University Inc, Federal Reserve Bank of Atlanta President, Raphael Bostic, expressed cautious optimism regarding inflation pressures in the United States. While acknowledging progress in slowing down inflation, Bostic emphasized the need for continued vigilance before considering interest rate cuts. This article examines Bostic’s remarks
The price of gold (XAU/USD) continues to hover near a two-month low and struggles to surpass the psychological level of $2,000. The recent surge in the US Dollar (USD) due to delayed Federal Reserve rate cut speculations has put pressure on the non-yielding yellow metal. However, geopolitical tensions in the Middle East have helped limit
Airbus, the world’s largest commercial planemaker, recently announced higher 2023 results, showcasing its ability to thrive in the aviation industry. With a 4% increase in core adjusted operating profit to 5.8 billion euros and an 11% rise in revenue to 65.4 billion euros, the company has demonstrated its financial strength. Furthermore, Airbus predicts a core
The U.K. economy has taken a hit, slipping into a technical recession in the final quarter of last year, according to initial figures released by the Office for National Statistics. Gross domestic product (GDP) for the country shrank by 0.3% in the final three months of the year, marking the second consecutive quarterly decline. While
The recent release of CPI data had a significant impact on the price of Gold, causing it to drop from its recent peak of $2,000 to around the $1980 mark. As we await the release of Retail sales data from the US, it is crucial to carefully analyze the current state of the XAUUSD market
The recent Reserve Bank of Australia (RBA) Press Conference held by Governor Bullock has left many pondering the future of monetary policy in the country. Despite expressing concerns about households and the economic outlook, Governor Bullock did not rule out the possibility of a rate hike. This has sparked a debate among economists and investors,
The gold market has been facing a significant decline recently, as it failed to clear the $2,032 resistance level against the US Dollar. The price corrected lower and traded below a short-term rising channel, with support at $2,020. This downward movement has caused the price to consolidate losses near the $1,990 level. There are several
The most recent data from the Office for National Statistics (ONS) reveals that UK consumer prices remained steady in January, as both headline and core inflation figures matched those from previous months but fell short of economists’ expectations. This article will analyze the implications of these inflation numbers and discuss their potential impact on the
TUI, the German travel giant, has made the decision to delist its shares from the London Stock Exchange’s FTSE 250 and list solely in Frankfurt’s MDAX. The vote by TUI’s investors was overwhelming, with 98.35% in favor of the move. The transfer is expected to take place on June 24. TUI currently has a dual
The US Dollar has shown strength in recent weeks as higher inflation numbers have sparked concerns that the Federal Reserve may refrain from reducing interest rates in the upcoming months. With US yields reaching multi-week highs, investors have turned towards the Greenback as a safe haven. There is now growing speculation that the Fed may
Asian shares took a hit on Wednesday as Wall Street’s negative performance and a stronger dollar led traders to reduce their expectations for rate cuts by the Federal Reserve. This shift came after an unexpected increase in U.S. inflation, which raised the consumer price index (CPI) by 3.1% on an annual basis, surpassing forecasts of
The Australian Dollar (AUD) has retreated after posting gains in the previous two sessions, despite the release of improved Australia Consumer Confidence data on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment index surged 6.2% to 86 in February from 81 in January, marking its highest reading in 20 months. However, the index remained below the neutral