Nasdaq 100 Trails Bear Market Average?
Although the recent surge in U.S. stocks has been quite spectacular, strategists have indicated that the performance of the Nasdaq 100 Index remains below the average level during bear markets, and th...
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Post-Rate Hike, Market May Price Inflation Below 2%
Next week, the Federal Reserve's interest rate hike of 25 basis points is almost a foregone conclusion, and the market expectations are likely to undergo a dramatic change after the interest rate deci...
$450B Floods In, Will Short Covering Ignite US Stocks Further?
Last month saw a surge in capital flowing into U.S. stocks, reaching a high not seen since March 2022. As concerns over economic recession fade, a massive short covering is imminent, leaving room for ...
Gold Price Forecast: Gold/USD Hits Record High
XAU/USD Current Price: $2,675.01Amid scarce macroeconomic data, market sentiment led the charge on Wednesday.Focus shifts to the ECB's monetary policy decision on Thursday.XAU/USD aims to set a new hi...
Saudi Arabia's Fuel Oil Imports from Russia Skyrocket Nearly 10 Times Year-on-Year
Saudi Arabia's fuel oil imports from Russia in the first half of this year have already exceeded the total for last year. Besides acting as a middleman to earn the price difference, this is also relat...
Gold Defies Strong Dollar, Heads for YTD High
Due to the decline in U.S. Treasury yields, which boosted demand for non-yielding assets, gold/dollar climbed.Traders anticipate that as inflation cools, major central banks will cut interest rates, w...