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S&P 500, Nasdaq slip after weak sentiment data; miners shine By Reuters – Forex Trader Hub
By Johann M Cherian and Purvi Agarwal (Reuters) – The benchmark and the Nasdaq slipped on Tuesday, as investors digested a weak consumer confidence report and mulled on the Federal Reserve’s next policy move, while mining stocks got a boost after China unveiled a sweeping stimulus package. A Conference Board report showed an index tracking…
OTP Bank Joins CLSSettlement to Boost FX Risk Mitigation
CLS has announced that OTP Bank Plc. has joined CLSSettlement as a settlement member, becoming the second new member this year and bringing the total to 75. OTP Bank is one of Hungary’s largest commercial banks and part of OTP Group, a leading banking group in Central and Eastern Europe undergoing significant growth. Its decision…
Gold Forecast: Limited Downside Amid Rate Cut Bets, Softer US Data – Forex Crunch
Gold forecast remains bullish above the $4,200 mark, supported by several macro variables. December Fed easing and geopolitics keep safe-haven flows to gold. Technically, the price looks to test the swing high near $4,300 ahead of all-time highs at $4,380. Gold price stays supported near the $4,200 level despite bouts of volatility. The metal surged…
Rachel Reeves could raise £45bn in taxes and keep promises, report says
Rachel Reeves could raise as much as £45bn in taxes without breaking Labour’s manifesto promises, according to a City report. Economists at the US investment bank Morgan Stanley said they expected the chancellor to use next month’s budget to announce billions of pounds in tax increases to cover a potential £30bn shortfall in the public…
Pausing While Watching Middle East and Awaiting Second Round of Powell Testimony – Currency Thoughts
Pausing While Watching Middle East and Awaiting Second Round of Powell Testimony June 25, 2025 A fragile truce in the Iran-Israeli military conflict is mostly holding. Today is day two of a three-day NATO summit in The Hague. Agreement on a sharp increase in defense spending heads the agenda. In the wake of Middle Eastern…
White House Demolition: For a Ballroom?! Seriously?!
The White House demolition is real, people, and it is not your usual fixer-upper situation. This isn’t just some chipped paint and a dusty old hallway getting a glow-up. Nope, the east wing is getting torn down so President Donald Trump can build Trump’s ballroom. I mean, imagine ripping apart the white house east wing…
