Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment data is typically a cause for interest rate cuts, still-high inflation data is still cause for concern, and key Fed officials may not be fully sold on a September rate cut. Key highlights Open to criticism on Fed decision-making.Totally opposed to taking away…
El Salvador has purchased nearly $50 million worth of gold, marking its first bullion acquisition since 1990 and underscoring a shift toward diversifying reserves away from heavy Bitcoin exposure. The central bank confirmed buying 13,999 ounces, lifting total holdings to 58,105 ounces valued at about $207 million. The move comes as gold trades near record highs around $3,600 an…
The Canadian Dollar tumbled 0.65% against the US Dollar on Friday. Worse-than-expected NFP jobs data sent investors piling into the Greenback safe haven. Canadian jobs data did no favors for the Loonie, showing a sharp contraction in the labor market. The Canadian Dollar (CAD) soured on Friday, skidding into a fifth consecutive losing day against the US Dollar (USD)…
China adds gold for 10th month as bullion surges past $3,500 an ounce. Supportive for gold, reinforces de-dollarisation theme; may underpin bullion even as global central bank demand slows. investingLive Exclusive 2m ago
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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
Australia printed a stronger-than-expected GDP figure, as the economy grew 0.6% quarter-on-quarter in Q2 2025, further weighing on RBA expectations. To top it off, the previous period also saw a positive revision from 0.2% to 0.3% quarterly growth. Let’s examine which pairs from our watchlist capitalized on this environment of reduced RBA dovishness to determine if our bullish AUD…
Happy Friday. Given the firing of U.S. Bureau of Labor Statistics chief is Erika McEntarfer last month, analyzing this report is a whole different game. I tend to think that there isn’t going to be a wholesale manipulation, at least not right away but if we get a +250K reading and falling unemployment will the market believe it? In…
United States CFTC Oil NC Net Positions: 102.4K vs previous 109.5K
