Currency Articles - November 3, 2024 13:35
Pressure Mounts on the British Pound Following Autumn Budget
After the publication of UK’s Autumn Budget, the British Pound (GBP) was under immense pressure this week. UK Chancellor Rachel Reeves nails consumers with £40 billion tax increases, the largest fiscal tightening since 1993. Immediately following the announcements, the Pound lost value as markets estimated how much the economy would suffer. Chancellor Reeves unveiled massive […]
Other Recent Articles
- Impact and Outlook for the U.S. Economy on Rate Cut
This week’s Federal Reserve cut in interest rates by a half-percentage point rippled through the U.S. economy, with economists, business owners, and investors pondering its impact. Not only did the rate slash, which reduced borrowing costs from their highest in two decades, resulted in America’s major share indices declining on the day but sharply recovered. […]
- Gold and Copper Markets Respond to Powell
On Friday gold jumped over 1% to unprecedented highs after the dollar and Treasury yields fell. The movements followed remarks from Federal Reserve Chair Jerome Powell that suggested an interest rate reduction in September. Concerns about inflation near the Fed’s 2% goal added to signs of lower interest rates, as Powell’s comments did. For a […]
- US Stock Market Faces Turbulence and Mixed Commodity Reactions
The US stock market took another hit on Friday and managed to finish a disastrous week in the red as poor economic news coupled with weak earnings from some major tech players continued an alarming five-day collapse. The decline was itself heightened by recently-released non-farm payroll figures that showed a modest 114,000 jobs added to […]
- Pound Holds Strong as Labour Wins with a Landslide
The British Pound Sterling is still on the rise on Friday, continuing the trend for the day when the Labour Party won the national election of the UK. The party got 410 seats in parliament and won the election. The concession of defeat by PM Rishi Sunak suggested that the governmental powers have shifted. Regarding […]
- Crude Oil Prices Rally as Inventory Declines and Rate Cut Hopes Emerge
On Thursday, crude oil markets saw a notable shift as oil futures surged. This was a direct reaction to the latest data from the U.S. Energy Information Administration. The latter reported a massive decrease in crude inventories. Simultaneously, the current cooling in job markets could indicate the need for the Federal Reserve interest rate cut. […]
Most Popular Content
- Pressure Mounts on the British Pound Following Autumn Budget
- Impact and Outlook for the U.S. Economy on Rate Cut
- Gold and Copper Markets Respond to Powell
- US Stock Market Faces Turbulence and Mixed Commodity Reactions
- Pound Holds Strong as Labour Wins with a Landslide
- Crude Oil Prices Rally as Inventory Declines and Rate Cut Hopes Emerge
- Strength in Gold and Copper Continues – But for How Long?
- Weak Payroll Data Sends Stocks Higher
LiveWire Economics Blog - Sep 23, 2024 0:38 - 0 Comments
Impact and Outlook for the U.S. Economy on Rate Cut
This week’s Federal Reserve cut in interest rates by a half-percentage point rippled through the U.S. economy, with economists, business owners, and investors pondering its impact. Not only did the rate slash, which reduced borrowing costs from their highest in two decades, resulted in America’s major share indices declining on the day but sharply recovered. […]
More In LiveWire Economics Blog
- Crude Oil Prices Rally as Inventory Declines and Rate Cut Hopes Emerge
- Weak Payroll Data Sends Stocks Higher
Gold and Oil News - Aug 24, 2024 16:06 - 0 Comments
Gold and Copper Markets Respond to Powell
On Friday gold jumped over 1% to unprecedented highs after the dollar and Treasury yields fell. The movements followed remarks from Federal Reserve Chair Jerome Powell that suggested an interest rate reduction in September. Concerns about inflation near the Fed’s 2% goal added to signs of lower interest rates, as Powell’s comments did. For a […]
More In Gold and Oil News
- US Stock Market Faces Turbulence and Mixed Commodity Reactions
- Crude Oil Prices Rally as Inventory Declines and Rate Cut Hopes Emerge
On Thursday, crude oil markets saw a notable shift as oil futures surged. This was a direct reaction to the latest data from the U.S. Energy Information Administration. The latter reported a massive decrease in crude inventories. Simultaneously, the current cooling in job markets could indicate the need for the Federal Reserve interest rate cut. […]
Gold and Oil News, Shares and Markets - Aug 4, 2024 8:48 - 0 Comments
US Stock Market Faces Turbulence and Mixed Commodity Reactions
The US stock market took another hit on Friday and managed to finish a disastrous week in the red as poor economic news coupled with weak earnings from some major tech players continued an alarming five-day collapse. The decline was itself heightened by recently-released non-farm payroll figures that showed a modest 114,000 jobs added to […]