US INITIAL JOBLESS CLAIMS LOWER THAN EXPECTED Initial jobless claims came in at 220K, below the 225K estimate. Prior week's initial claims were revised to 222K from 221K. The 4-week moving average for initial claims is 226K, up from 224.5K last week. Continuing claims totaled 1.870M,
Gold Price Near Record High – Gold is staying close to its highest-ever price, near $3,000. Trade Tensions Boost Gold – Uncertainty in global trade makes investors buy gold as a safe asset. Interest Rate Cuts Help Gold – Expectations that the US Federal Reserve will cut rates support gold prices. US
TRUMP THREATENS 200% TARIFF ON FRENCH CHAMPAGNE AND EU SPIRITS Trump threatens a 200% tariff on French champagne and EU alcohol. This follows the EU's 50% import tax on American whiskey. Trump calls the EU "hostile" and "abusive" with its tariffs. US tariffs on
GOLD UP NEAR 0.50% AS US DIPLOMATS VISIT RUSSIA Gold (XAU/USD) rose 0.50%, approaching $2,950. Price boost driven by tariff concerns and easing inflation fears. US yields hit a five-day high as inflation data sparked a shift to equities. Softer US CPI data reduced recession fears,
GBP/USD is staying around 1.2950 during the European morning on Thursday. The pair is facing challenges due to a global tariff war and a halt in the US Dollar's decline. Traders are waiting for the US PPI data for new direction.
EUR/USD drops below 1.0880 in early European trading on Thursday. US-EU trade tensions are making investors worried. The US Dollar gains strength as a result. US inflation is slowing down, affecting market movements. Traders are now watching for ECB speeches and US PPI data for further clues.
Gold prices went up on Thursday. People are unsure about tariffs, so they are buying gold for safety. U.S. inflation was lower than expected. Lower inflation makes people think interest rates will go down. This helped gold prices rise.
Gold price is close to $2,950 in the Asian market on Thursday. It is near its record-high price of $2,956. Trade tensions and slow economic growth make investors buy gold as a safe investment. Lower inflation in the US makes people expect the Federal Reserve to reduce interest
TRUMP OPTIMISTIC ABOUT STOCK MARKET, DESPITE RECENT PRESSURE President Trump expressed optimism about the stock market, stating it will grow stronger. He believes markets will rise as economic developments unfold. Stocks have faced significant pressure recently due to Trump’s tariff policy. 25% tariffs were imposed on Canada and Mexico,
Ethereum's price was around $1,860 on Thursday in the Asian market. The price stayed low due to negative feelings in the general crypto market. K33 Research believes staking could push Ethereum's price higher, more than the Pectra upgrade.
AUD/USD is staying above 0.6300 in the Asian session on Thursday. The pair is supported by a weak US Dollar. Markets are cautious due to worries about a growing trade war and its impact on the global economy. Traders are watching US PPI inflation data for new market
NASDAQ POPS 1% AS MAJOR TECH STOCKS REBOUND The Nasdaq Composite rose 1.3% on Wednesday, driven by a rebound in major tech stocks. A soft inflation report helped ease concerns about the economy. Investors took the opportunity to buy into beaten-up technology shares. The S&P 500 gained