Gold (XAUUSD) May See Larger Degree Correction

The Swiss National Bank (SNB) cut its rate by another 25bp yesterday. The latest uptick in inflation didn’t bother the Swiss policymakers who considered that inflation remains in check in Switzerland. They preferred to give the economy – especially the Swiss exporter and families with mortgages – the additional support they needed. The market reaction […]

Markets Markets and several economic sectors Friday morning faced some jitters due to an IT outage linked to problems with an security update by CrowdStrike. It added to a risk-off tone at the final session of the week. Major US and EMU equity indices lost slightly less than 1.0% (S&P 500 -0.71%, Eurostoxx 50 -0.88%). […]

The dollar index falls to five-week low on Thursday, remaining under increased pressure from growing expectations for June rate cuts. Fed Chair Powell added to expectations by relatively dovish remarks in his testimony on Wednesday, saying that rate cuts will likely be appropriate later this year if economy evolves broadly as expected. Markets shift focus […]