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Breaking news

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Treasury Secretary Bessent: Fed should look at 50 bps cut in September

US Treasury Secretary Scott Bessent gave an interview with Fox Business late Tuesday, touching on various policy topics both at home and abroad.
New
update2025.08.13 05:40

Crude oil eases, WTI slips under $63 as EIA projects rising US output

West Texas Intermediate (WTI) slid back into the $62.60 region on Tuesday, falling to the low side of near-term consolidation as Crude Oil bulls struggle to find a reason to buy for the time being.
New
update2025.08.13 04:38

Gold rallies as US CPI is mixed, while Trump remarks fuel rate cut bets

Gold price recovered some ground on Tuesday, climbing 0.20% following the release of July's inflation print in the United States (US). Although prices had risen, Bullion's was supported by US President Donald Trump's remarks threatening the Federal Reserve's (Fed) independence.
New
update2025.08.13 03:46

Forex Today: Focus shifts to German inflation and Fedspeak

The US Dollar (USD) resumed its decline on turnaround Tuesday, leaving behind two daily advances in a row as investors assessed the latest CPI readings amid speculation of two interest rate cuts by the Fed in the latter half of the year.
New
update2025.08.13 03:29

Dow Jones Industrial Average lurches higher after CPI inflation print

The Dow Jones Industrial Average (DJIA) caught some bullish lift on Tuesday, rising around 450 points after United States (US) Consumer Price Index (CPI) inflation data from July failed to push markets off of bets for an interest rate cut from the Federal Reserve (Fed) in September.
New
update2025.08.13 03:02

AUD/USD rebounds above 0.6500 as RBA rate cut overshadowed by USD weakness

The Australian Dollar (AUD) recovers ground against the US Dollar (USD) on Tuesday, with the Reserve Bank of Australia's (RBA) interest rate cut decision overshadowed by broad Greenback softness following mixed US Consumer Price Index (CPI) figures.
New
update2025.08.13 03:01

EUR/GBP muted as UK labor market steadies and EU economic sentiment weakens

The EUR/GBP stays flat during the North American session, as economic data in the UK initially pushed the pair lower, even though the European Union (EU) ZEW survey showed a deterioration in the bloc. The cross-pair trades at around 0.8644, muted.
New
update2025.08.13 01:14

Swiss Franc strengthens as mixed US CPI, Trump's Powell threat weigh on Dollar

The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Tuesday, with USD/CHF drifting lower as mixed US inflation data reinforced expectations of a Federal Reserve (Fed) rate cut in September.
New
update2025.08.13 01:08

Fed's Schmid: Inflation is too high

Kansas City Fed President Jeffrey Schmid said on Tuesday that the muted impact of tariffs on inflation should be seen as evidence that monetary policy is "appropriately calibrated," not as a reason to cut interest rates.
New
update2025.08.12 23:36

US President Trump slams Powell, threatens lawsuit; Dollar dips on Fed independence concerns

US President Donald Trump attacked the Federal Reserve Chair Jerome Powell on his social network, saying that he is "too late" to lower interest rates and must lower them "NOW." He complained that Steve Manunchin "really gave me a beauty when he pushed this loser," for the Fed Chair role.
New
update2025.08.12 23:36

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