The Federal Reserve must go big with a supersized 50 basis point interest rate cut in September to get ahead of a looming economic storm, warns the CEO of a leading independent financial advisory and fintech. The warning from deVere Group’s Nigel Green comes as consumer prices in the US inched up modestly last month, adding fuel … Read more
The EURUSD pair rebound to near the psychological resistance of 1.1000 in Friday’s New York session. The major currency pair bounced back as the US Dollar declined with investors gaining confidence that the Federal Reserve will start reducing interest rates from the September meeting. The DXY Dollar Index, which tracks the greenback’s value against six … Read more
By Naeem Aslam As traders and investors pay close attention to the two most important economic events that have unfolded, stock futures in the US and Europe are sitting on solid gains, aiming to finish the week in positive territory. It’s not overstated to suggest that traders have shifted their perspective on the economic situation, … Read more
By Naeem Aslam Traders are ready to bag some bargains, while others continue to believe that the current bounce back in the markets may be nothing more than a dead cat bounce, as a result of which, caution is need. European and US markets are very much moving forward, leaving behind all of the concerns … Read more
The EURUSD currency pair weakened to near 1.0830 Wednesday, as the preliminary Eurozone Hamburg Commercial Bank (HCOB) Purchasing Managers’ Index (PMI) report for July showed that composite numbers unexpectedly eased due to a slowdown in activities in the manufacturing and services sectors. The HCOB Composite PMI decreased to 50.1, just above the 50 threshold that separates … Read more
Donald Trump reduced the corporate tax rate from 28% to 21% during his previous presidency and intends to further reduce it to 15% if elected again this year. Now, Trump proposes lowering the corporate tax rate to 15%, potentially cutting the US corporate tax rate by nearly half.In a wide-ranging interview on business and the … Read more
Major currency pairs continue to trade in familiar ranges midweek as investors’ search for the next catalyst continues. Later in the day, Fed Chairman Jerome Powell will deliver the Semi-Annual Monetary Policy Report and respond to questions before the House Financial Services Committee in the second day of his Congressional testimony. Several other Fed policymakers … Read more
Gold is up around 12% year-to-date, but despite this impressive price jump, many investors are planning to continue to pile into the precious metal, according to the chief executive of a leading independent financial advisory and fintech. “There’s been a 35% year-to-date jump in clients seeking to increase their exposure to gold and a growing … Read more
The US jobs report highlights a super hot US economy, underscoring that there is a real risk that interest rates won’t be cut until 2025, the CEO of a leading financial advisory and fintech has warned. The U.S. economy added 272,000 non-farm jobs in May, much more than expected, while Wall Street had forecast an … Read more
Higher-for-longer interest rates are likely to remain central banks’ main strategy for the rest of the year, according to the CEO of a leading financial advisory and fintech firm.