Category: U.S
-
Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
•
the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
-
Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
•
the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
-
Daily FX Market Review: U.S. Dollar Hits Its Lowest Point of the Year!
•
The US dollar hit its lowest level this year on Tuesday as market participants awaited the Federal Reserve’s next interest rate cuts. The dollar fell to levels not seen since early January, reflecting expectations that the U.S. Federal Reserve will begin cutting interest rates next month. This decline comes in…
-
Goldman cuts U.S. recession risk (S&P Complete Indices:SP500)
•
fire A string of positive economic data in recent days has prompted Goldman Sachs to lower its forecast for the U.S. economy to 20% from 25% next year. In a research note issued on Saturday, the investment bank said: He pointed to further cuts in the next 12-month outlook, subject…
-
U.S. will very likely fight a war against Russia, China and Iran: Alex Karp
•
The U.S. military has long prioritized the ability to fight two wars simultaneously in different parts of the world, similar to its efforts in the Pacific and European theaters during World War II. But Alex Karp, CEO of Palantir, a data mining software company known for its work in defense…
-
Steelworkers: U.S. Department of Commerce’s decision to double duties on Canadian softwood lumber is pure protectionism
•
Article Content BURNABY, British Columbia, Aug. 17, 2024 (GLOBE NEWSWIRE) — The United Steelworkers (USW) has criticized the U.S. Department of Commerce’s decision to double tariffs on Canadian softwood lumber. “The U.S. Department of Commerce’s decision to double existing duties and tariffs on Canadian softwood lumber products is nothing more…
-
U.S. refiners cutting Q3 output across the board on weaker margins, plant overhauls
•
SlavkoSereda/iStock via Getty Images Crude oil futures rose for a fourth straight session on Friday and posted their first weekly gain in five weeks, supported by tightening inventories, especially in the United States, and a fundamental risk premium around tensions in the Middle East. Analysts said A drop in initial…
-
Iranians are creating fake news websites and impersonating activists to create chaos in the U.S., Microsoft found
•
Iran Online activity is accelerating which appears to be aimed at influencing US electionsMicrosoft said Friday that in one case it targeted a presidential campaign with an email phishing attack. Iranian actors have also spent recent months creating fake news sites and impersonating activists, paving the way for further division.…
-
U.S. keeps Vietnam as non-market economy, despite efforts to woo Hanoi By Reuters
•
By David Brunstrom and Phuong Nguyen WASHINGTON/HANOI (Reuters) – The U.S. Commerce Department said on Friday it will continue to classify Vietnam as a non-market economy, a disappointing decision for Hanoi, which the United States has been courting as part of its efforts to counter China. Vietnam has long sought…
-
Gold dips on weak U.S. jobs report but analysts see more record highs ahead (NYSEARCA:GLD)
•
monsitj/iStock via Getty Images Gold futures ended lower on Friday, reversing earlier gains, as part of a general sell-off in riskier assets after a weak U.S. jobs report raised concerns that the Federal Reserve’s hold on interest rates could cause a real economic slowdown. the prices U.S. stocks briefly rose…
-
U.S. crude surges to biggest gain since October after strike kills Hamas leader in Iran
•
SlavkoSereda/iStock via Getty Images U.S. crude oil futures jumped more than 4 percent on Wednesday after the assassination of Hamas political leader Ismail Haniyeh in Tehran just hours after an Israeli strike on a top Hezbollah military leader in Beirut raised fears of a possible direct conflict between Israel and…
-
U.S. home insurers are said to face biggest loss of century in 2023 (NYSE:ALL)
•
Bill Oxford/E+ via Getty Images Home insurers in the United States last year suffered their worst underwriting loss this century, the Financial Times reported on Sunday, as natural disasters, inflation and population growth in high-risk areas put pressure on insurers’ finances. They made a net loss on the underwriting. Saudi…
-
U.S. home insurers are said to face biggest loss of century in 2023 (NYSE:ALL)
•
Bill Oxford/E+ via Getty Images Home insurers in the United States last year suffered their worst underwriting loss this century, the Financial Times reported on Sunday, as natural disasters, inflation and population growth in high-risk areas put pressure on insurers’ finances. They made a net loss on the underwriting. Saudi…
-
Spooked U.S. stock market faces tech earnings minefield, Fed meeting By Reuters
•
By David Randall NEW YORK (Reuters) – Nervous investors are bracing for earnings from the market’s biggest technology companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the immediate path for U.S. stocks after a bout of intense turmoil. A months-long rally…
-
How El Chapo’s son helped U.S. arrest fabled narco chief “El Mayo” By Reuters
•
Written by Drazen Georgic (Reuters) – As a helicopter flew toward the U.S.-Mexico border on Thursday to cross illegally, U.S. agents rushed to meet it at a small municipal airport near El Paso, Texas, and arrested two men who were part of a Mexican drug lord’s family. The son of…
-
Strong Consumer Spending And Private Inventories Boosted U.S. GDP in Q2
•
The preliminary estimate of US GDP for the second quarter of 2024 showed Economy grows by 2.8%This is much faster than the expected 2.5% increase and almost double the downwardly revised 1.4% growth in the previous quarter! The Ministry of Commerce explained that the acceleration in growth from the first…
-
U.S. Government Liquidates Seized Bitcoin Worth $4 Million Through Coinbase
•
The US government has once again made headlines in the cryptocurrency market, this time by initiating the transfer of US funds from Coinbase in the form of a large amount of confiscated Bitcoin (BTC) to the prominent digital asset exchange. According to data tracked by blockchain analytics firm Arkham IntelligenceThe…
-
U.S. Government Liquidates Seized Bitcoin Worth $4 Million Through Coinbase
•
The US government has once again made headlines in the cryptocurrency market, this time by initiating the transfer of US funds from Coinbase in the form of a large amount of confiscated Bitcoin (BTC) to the prominent digital asset exchange. According to data tracked by blockchain analytics firm Arkham IntelligenceThe…
-
Chart Art: U.S. Dollar Index’s (DXY) Potential Bullish Reversal
•
The US dollar may be ready for a sharp rally after seeing a bearish trend earlier this month. Do you think the US dollar is ready to rise? Take a look at the reversal pattern on the 4-hour chart! US Dollar Index (DXY) 4-hour Chart by TV Days after retesting…
-
U.S. ranks next to last in development time for new critical minerals mines – S&P
•
Olemedia/E+ via Getty Images The United States has Second longest delivery times in the world There is a need to develop new mines for critical minerals that are vital to the energy transition, S&P Global said this week in a new report that also noted a rise in litigation against…