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Gold Price Forecast: XAU/USD Faces Defining Week as CPI, Warsh Testimony and Hormuz Risks Collide
18+ min ago (977+ words) Gold enters a pivotal week as investors assess US inflation data, Federal Reserve Chair Kevin Warsh’s congressional testimony, and escalating tensions around the Strait of Hormuz that could reshape expectations for interest rates and safe-haven demand. Gold entered the second…...
These four NZ banks didn’t change their mortgage test rates after last week's OCR hike
22+ min ago (532+ words) Four of New Zealand’s major banks have confirmed they haven’t changed their mortgage serviceability rates following the Reserve Bank’s first increase to the Official Cash Rate (OCR) in three years. The RBNZ raised the cash rate for the first time…...
Fed Chair Warsh to testify on potential rate hike, CFPB scrutiny: July 14-15
26+ min ago (132+ words) Estefano Gomez is an editor at Crypto Briefing specializing in blockchain analysis, DeFi, and the intersection of crypto and digital art. He previously served as Editor in Chief at Interesante for over three years, where he covered blockchain technology, NFTs,…...
A lousy start for the new Fed chairman
34+ min ago (422+ words) Here are the various task forces and those appointed to lead them: 1. Communications Task Force 2. Balance Sheet Policy Task Force 3. Data Task Force 4. Productivity & Jobs (AI) Task Force 5. Inflation Frameworks Task Force Although the resumes of these appointed advisors are…...
RBNZ hawkish pivot propels the Kiwi dollar higher
1+ hour, 20+ min ago (418+ words) Summary of key points: - Recent events have now fundamentally shifted that “one-way bet” environment for the Kiwi dollar. Over the last two weeks NZ dollar has again rapidly reversed out of the latest spike lower (as we projected it would),…...
Expert Says Bitcoin Price Could Hit $70,000 If Fed Skips Next Rate Hike
3+ hour, 8+ min ago (311+ words) Bitcoin just posted its first bullish RSI divergence since the end of last year, according to veteran macro investor Jordi Visser, who said the signal is shifting how he views the coming months. Visser said he spotted the divergence using…...
NZD well supported following strong PMI, which drove NZ rates higher
2+ hour, 57+ min ago (241+ words) The increase in hostilities had little impact on equity markets heading into the weekly close, with the S&P500 closing in positive territory for a second successive day, up 0.4% on Friday. The Euro Stoxx index was barely positive on Friday, following…...
Gold Price Forecast: Oil and Higher Yields Delay the Next Major Rally
4+ hour, 10+ min ago (104+ words) FXEmpire Gold (XAU) prices ended the week near $4,120 after rebounding from the key $4,000 support area as higher oil prices, inflation concerns and rising Treasury yields limited the recovery In my view, gold may remain under pressure in the range of…...
T-bills auction: Government exceeds target by 77%; but to pay more for one-year bill at maturity
4+ hour, 3+ min ago (199+ words) The government recorded 77% oversubscription of the treasury bills auction, as the yield on the one-year bill hit 12.99%. According to the auction results by the Bank of Ghana, most of the investors bought the 364-day bill because of the attractive interest…...
Mohamed A. El-Erian: Traditional bond dynamics shift as inflation shocks hit economy
6+ hour, 2+ min ago (692+ words) Traders Union Mohamed A. El-Erian: Traditional bond dynamics shift as inflation shocks hit economy Mohamed A. El-Erian, president at Queens' College, University of Cambridge, highlights changes in the traditional investment paradigm for government bonds. In a recent observation referencing James Mackintosh's WSJ…...