Oil prices saw a slight increase on Thursday, recovering from a sell-off sparked by the U.S. election. Concerns over potential oil supply disruptions due to a Trump presidency and Hurricane Rafael in the Gulf of Mexico overshadowed a stronger dollar and increased U.S. crude inventories.
Posts in category All News
Gold struggles for momentum as dollar firms; eyes on Fed (07-11-2024)
Gold prices remained relatively stable as the dollar strengthened following Donald Trump’s election victory. Investors are now focused on the Federal Reserve’s impending rate cut decision, anticipating a 25-basis-point reduction. Trump’s win and potential economic impact have raised questions about the future pace of Fed rate cuts.
Dollar soars, euro tumbles as Trump wins US presidential election (07-11-2024)
The dollar surged to a four-month high after Donald Trump’s victory in the U.S. presidential election. Markets reacted to expectations of policies that could accelerate U.S. growth and inflation. Trump’s proposed tariffs and deregulation could impact global economies and currency markets. While the immediate impact was a stronger dollar, Trump’s preference for a weaker currency adds uncertainty to long-term forecasts.
Gold prices plunge as Trump’s decisive win drives up dollar (07-11-2024)
Gold and copper prices plummeted as Donald Trump’s victory sent the US dollar soaring. The surge in the dollar, fueled by Trump’s win and Republican control of the Senate, diminished the appeal of metals for buyers. This outcome triggered profit-taking among traders who had sought refuge in gold amidst pre-election uncertainty.
US stocks surge to record highs as Trump returns to presidency (07-11-2024)
US stock market surged with Dow, S&P 500, and Nasdaq closing at all-time highs. This followed Donald Trump’s victory in the 2024 US presidential election. Investors anticipate policy changes including tax cuts and deregulation. Financial sectors, particularly banks, saw significant gains. Treasury yields rose, impacting interest rates and potentially affecting small businesses.
Record-breaking Bitcoin rally set to gain momentum (07-11-2024)
Bitcoin surged past $75,000 for the first time following Donald Trump’s US election victory. The futures market, particularly CME’s basis and perpetual futures contracts, indicates a potential continuation of this rally. This surge is attributed to expectations of crypto-favorable policies under a second Trump administration.
Record-breaking Bitcoin rally set to gain momentum (07-11-2024)
Bitcoin surged past $75,000 for the first time following Donald Trump’s US election victory. The futures market, particularly CME’s basis and perpetual futures contracts, indicates a potential continuation of this rally. This surge is attributed to expectations of crypto-favorable policies under a second Trump administration.
Visa’s Next-Gen Tech to Enable Smoother, Fraud-free Ecomm (07-11-2024)
Visa is introducing new tools to enhance payment experiences, including “payment passkeys” for biometric authentication, aiming to reduce checkout times to 20 seconds. The company is also implementing flexible credentials for smoother cross-border transactions and launching A2A Protect, powered by AI, to mitigate fraud in real-time payments by analyzing transaction patterns and risk levels.
Don’s return brings cheer to IT, but euphoria may be short-lived (07-11-2024)
Indian IT companies saw their stocks surge following Donald Trump’s presidential election victory. The rally was fueled by optimism surrounding Trump’s pro-business policies, which are expected to boost IT spending. However, potential protectionist measures under a Trump administration pose a risk for Indian software exporters, potentially hindering the sector’s growth.