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A shift in sentiment among Gold traders was observed, as they leaned towards selling positions in anticipation of a more hawkish Federal Reserve stance. As expected, the Federal Reserve's actions resulted in a notable uptick in the 10-year yield, reaching a 16-year high of 4.5660%, and a corresponding strengthening of the US dollar to levels last seen in November...

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Crude oil prices remained largely flat or slightly negative on Monday due to a stronger U.S. dollar and concerns about the Federal Reserve's hawkish stance on interest rates. Russia's adjustments to its fuel export ban had limited impact on the market. New York-traded West Texas Intermediate (WTI) crude settled at $89.68 per barrel, down 35 cents (0.4%), while...

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The Bank of England (BoE) surprised markets by keeping interest rates unchanged, causing the pound (GBP) to drop below 1.2250. The BoE's policy statement was somewhat hawkish, but the Monetary Policy Committee (MPC) was divided. This suggests future policy decisions could be close calls, especially if inflation remains high. GBP may struggle against the US dollar,...

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Gold is trading relatively flat on Tuesday, displaying caution ahead of the Federal Reserve meeting after a recent recovery. The yellow metal has dipped before toward the $1,900 mark, influenced raised concerns about prolonged high-interest rates, a scenario the central bank has consistently warned about. Gold traders are now eagerly awaiting whether the Fed...

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Gold is trading relatively flat on Tuesday, displaying caution ahead of the Federal Reserve meeting after a recent recovery. The yellow metal has dipped before toward the $1,900 mark, influenced raised concerns about prolonged high-interest rates, a scenario the central bank has consistently warned about. Gold traders are now eagerly awaiting whether the Fed will...

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EURCAD reached its daily peak precisely at 1.4431, after forming a low reliability bullish pattern Harimi Bullish two days prior, only to experience a sharp downturn shortly after. Although the instrument managed to regain some of the losses and to return nearly to its opening position, both MACD and RSI are showing strong SELL signals, indicating that the bulls...

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In the ongoing trial that commenced on Tuesday, the Justice Department is presenting its case, contending that the Alphabet unit (NASDAQ:GOOGL) actively pursued agreements with mobile carriers to secure prominent default placements on smartphones, thereby establishing a dominant position in the realm of online search. This antitrust trial, touted as one of the...

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U.S. appeals court judges questioned a 2.5-year pause in a shareholder lawsuit against PG&E Corp officers and directors. The lawsuit concerns statements about the utility's wildfire prevention. A pension fund sued 44 corporate leaders in 2018. The case was paused until the end of PG&E's bankruptcy, but judges now question the need for this delay. Shareholders...

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During Nike's recent annual meeting, shareholders rejected a proposal from Arjuna Capital that called for increased transparency in pay equity data for female and minority employees. This proposal did not receive the required majority vote to pass. Nike has faced growing pressure for supply chain transparency, including calls to compensate workers in Cambodia and...

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AstraZeneca's stock experienced a significant decline of over 4% on Monday due to uncertainties surrounding the future of CEO Pascal Soriot, as reported in the news. Initially, the company refrained from commenting on the report but later clarified that they do not engage in discussions regarding market rumors. Their shares, listed as NASDAQ: AZN, closed down...

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The USD/CHF exchange rate is currently trading at 0.8884, reflecting a 0.44% increase. Switzerland's economy stagnated in the second quarter, with declines in manufacturing, capital goods investment, and exports. Despite economic challenges, Switzerland has managed to keep inflation low, with August's rate at 1.6%, within the Swiss National Bank's target range....

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Gold prices fell as the U.S. dollar and bond yields remained strong. Despite a recent run-up, gold struggled due to the dollar and yields holding steady amid cooling U.S. economic activity. Expectations of prolonged higher rates limited investor interest, as labor and inflation data pointed to the Fed maintaining restrictive policy. Gold futures' December...

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U.S. stock futures dipped as investors remain uncertain about the economy's health and inflation. Dow futures slid 46 points (0.1%), S&P 500 futures down 12 points (0.3%), and Nasdaq 100 futures lost 65 points (0.4%). Last week, though, the major indices ended positively. Unexpectedly high unemployment and slower wage growth in August suggest the Federal Reserve...

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The U.S. dollar weakened as risk sentiment improved on the back of hopes that China's economic stimulus measures would stabilize its economy. Additionally, strong U.S. job data raised expectations that the Federal Reserve may be close to concluding its rate hike cycle. The U.S. dollar index edged 0.15% lower to 104.08, remaining near its recent peak. In August,...

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Gold price remains resilient despite rising real US interest rates, indicated by the United States 10-Year TIPS yield. Normally, higher interest rates would pressure gold prices, but the recent increase in T-Bond yields has been driven by concerns about growing government debt rather than inflation or Fed policy changes. This divergence is linked to gold's ability...

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Despite Hurricane Idalia's growing strength, Gulf of Mexico oil production remains largely unaffected. While some precautionary evacuations occurred, the storm's trajectory suggests minimal impact on refineries and production. In contrast, Florida faces an imminent and historic Category 4 landfall. Catastrophic storm surges, destructive winds, and flooding are...

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Recent developments in the European Central Bank (ECB) and the Swedish economy are shaping the euro (EUR), Swedish krona (SEK), and their exchange rate (EUR/SEK): ECB's Hawkish Stance: Strong messaging from ECB hawks for tighter policy before the September meeting contrasts with market expectations below 50%. Despite explicit statements and a hawkish tone from...

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U.S. stocks began the last week of August with gains, influenced by Federal Reserve Chair Jerome Powell's recent speech and upcoming economic reports. The Dow Jones was up 0.5%, the S&P 500 rose 0.3%, and the NASDAQ Composite increased 0.4% by 11:10 ET. Powell's speech at the Jackson Hole symposium advocated for steady interest rates but hinted at possible...