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GBP/USD slips after blockbuster NFP revives Fed hold outlook betsThe GBP/USD extended its losses for the second straight day, down 0.12% after a stellar US Nonfarm Payrolls report, which could refocus the Federal Reserve on battling higher inflation that has remained above target for five years. At the time of writing, the pair trades at 1.3205. Read More…GBP/USD trades slightly higher in thin holiday trade ahead of US NFPThe British Pound (GBP) trades slightly higher against the US Dollar (USD) on Friday, as modest softness in the Greenback lends some support. However, price action remains subdued amid thin liquidity conditions due to the Good Friday holiday, with trading…
The U.S. added a bigger-than-expected 178,000 new jobs in March and the unemployment rate fell to 4.3% last month in a sign the labor market is holding firm even as the economy undergoes another spasm of uncertainty tied to the Iran war.
Understanding the Real Forces Behind the Gold Market Drop Gold Price Today The recent gold market sell-off has shaken investor confidence, wiping out multiple trillions of dollars in combined gold and silver valuations. As prices fell sharply, many began questioning whether gold still deserves its reputation as a reliable safe-haven asset. However, this decline does not reflect a breakdown in gold’s fundamental value. Instead, it signals a shift in global financial dynamics, one where monetary liquidity and rising real yields are exerting greater influence than traditional geopolitical drivers. Whether this shift proves temporary or long-lasting will largely depend on how…
“I’ve been caring for my mother, and we each currently occupy a unit in the house.”
TD Securities analysts note that US yields flattened as geopolitical headlines from Iran and comments by Trump dominated sentiment. Strong ISM Manufacturing and Retail Sales data surprised to the upside, while they expect a below-consensus 30k payrolls print and unchanged unemployment. They also highlights firm February spending data and rising input costs linked to Oil and tariffs.Solid data but payrolls seen softer”The curve flattened on Wednesday, with news coming from Trump that we are going to be out of Iran quickly and will monitor Iran by satellite.””Iran said that they will not open the Strait based on Trump’s claims.””ISM manufacturing…
At least one Asian cruise line is already tacking on the fee for future bookings.
DXY fell more than 0.5% on Wednesday, drifting into session lows around 99.30 after opening close to 99.90. The index has been under steady selling pressure all session, carving a series of lower highs on the intraday chart as the ceasefire narrative gained traction. Wednesday’s slide extends Tuesday’s break through the 100.00 handle and has now unwound a significant portion of March’s 2.3% safe-haven rally from the January lows near 95.55.The session’s tone was set early after President Trump posted on Truth Social that Iran’s president had requested a ceasefire, adding that the US would only consider the offer once…
Warren Buffett said he sold Apple too soon and would buy more of it, though not in the current market. “I sold it too soon. But, I bought it even sooner, so,” Buffett told CNBC’s Becky Quick in an interview Tuesday on “Squawk Box” in which he announced he’s bringing back his famed charity lunch. Apple remains Berkshire Hathaway’s largest holding even after the conglomerate trimmed its stake to $61.96 billion at the end of last year, according to InsiderScore.However, Buffett said Tuesday that he would continue to add to the position if it gets cheaper. He said the iPhone…
Understanding the Real Forces Behind the Gold Market Drop The recent gold market sell-off has shaken investor confidence, wiping out multiple trillions of dollars in combined gold and silver valuations. As prices fell sharply, many began questioning whether gold still deserves its reputation as a reliable safe-haven asset. However, this decline does not reflect a breakdown in gold’s fundamental value. Instead, it signals a shift in global financial dynamics, one where monetary liquidity and rising real yields are exerting greater influence than traditional geopolitical drivers. Whether this shift proves temporary or long-lasting will largely depend on how global economic conditions…
Biogen, already developing a drug that can be used to treat several kidney disorders, is paying a large premium for Apellis Pharmaceuticals