EUR/USD DRIFTS LOWER DUE TO TRUMP'S TARIFF THREATS EUR/USD softens to around 1.0465, down 0.20% on Thursday. Trump's 25% tariff threat on the EU weighs on the Euro. Traders anticipate two quarter-point interest rate cuts by the Fed. Investors await US GDP
NVIDIA EARNINGS BOOST U.S. STOCK FUTURES AHEAD OF OPEN U.S. stock index futures rise ahead of Thursday's open. Nvidia's strong quarterly earnings report boosts investor sentiment. Nvidia's earnings per share rose to $0.89, beating Wall Street expectations by 5.22%.
GOLD PRICE FORECAST: $2,890 A CHALLENGE FOR XAU/USD SELLERS Gold retreats from gains, staying above $2,900 early Thursday. US Dollar strengthens due to mixed Trump tariff messages and rising Treasury yields. Gold buyers defend $2,890, with the daily RSI remaining bullish. US Q4 GDP revision and
GOLD SLIPS ON DOLLAR STRENGTH, RISING TREASURY YIELDS Gold edges lower on Thursday due to a stronger U.S. dollar. Rising Treasury yields also pressure gold prices. Investors await U.S. inflation data to gauge Federal Reserve’s policy.
US FEDERAL RESERVE REJECTS EARLY RATE CUTS, FOCUS ON INFLATION CONTROL Atlanta Fed President Raphael Bostic advises keeping interest rates at current levels to combat inflation. Bostic emphasizes the need to focus on price stability after achieving employment goals. The Fed left interest rates unchanged last month to monitor inflation
DONALD TRUMP ANNOUNCES 25% TARIFFS ON EU, BRITAIN HOPES TO DODGE IMPACT Donald Trump plans to impose a 25% tariff on EU imports, including cars and other products. Trump criticized the EU, stating it was formed to undermine the US. UK’s Rachel Reeves expresses confidence that trade with the
US JANUARY NEW HOME SALES 657K VS 680K EXPECTED January new home sales came in at 657K, below the expected 680K. Prior month's sales were 734K. Single-family sales dropped by 10.5%. Months of supply increased to 9, up from 8 in the prior month. Home prices rose
S&P 500 GIVES UP GAIN AS MARKET STRUGGLES CONTINUE FOR A FIFTH DAY S&P 500 gives up earlier gains, trading 0.1% lower. Nasdaq Composite rises 0.5%, with investors awaiting Nvidia earnings. Dow Jones falls 230 points, or around 0.5%.
S&P 500 RISES FOR FIRST TIME IN 5 SESSIONS, NVIDIA GAINS BEFORE EARNINGS The S&P 500 rose 0.3%, ending a four-day losing streak. The Nasdaq Composite also saw a gain. The Dow Jones Industrial Average increased by 23 points. Investors are awaiting earnings results from
U.S. Treasury yields went up slightly on Wednesday. Investors are waiting for new home sales data. Recent economic reports have been disappointing. 10-year Treasury yield: 4.304% (up slightly). 2-year Treasury yield: 4.1085% (up slightly over one basis point). Yields go up when bond prices go down.
Gold Price Holds Above $2,900: After dropping sharply, gold remains stable. US Economic Concerns: Weak economic data raises hopes for a Federal Reserve interest rate cut. Trump’s Tariff Threats: His new trade tariffs increase demand for safe investments like gold. Market Reaction: Gold is recovering from losses and
Consumer confidence in Germany dropped in February 2025. It is the lowest level in a year, since March 2024. The GfK consumer confidence index fell by 2.1 points to -24.7. People expect lower incomes and are saving more. Less income and more savings worries are reducing spending.