Learn

Top Yen Forecaster Sees Currency Sliding to Lowest Since 1986

Yen may test 165 per dollar level this year, RBC’s Tan says Traders have been selling yen on interest-rate gap with US   The yen may weaken to 165 per dollar despite potential efforts from Japan to halt its decline, according to the currency’s top forecaster.   Alvin Tan, head of Asia FX strategy at [...] READ MORE

4 smart reasons to invest in gold this May

You could turn a quick profit if you invest in gold this May. It's never a bad time to review your investments. But at the start of a new month – and against the backdrop of sticky inflation and elevated interest rates – this May is a critical time to do so. One investment that [...] READ MORE

Expect Higher Interest Rates Through the End of 2024. Fed Blames ‘Lack of Progress’ on Inflation

Key takeaways The Fed held interest rates steady on Wednesday, saying it wants “greater confidence” that inflation is moving sustainably toward the central bank’s 2% goal. Inflation has been higher than expected for the first three months of 2024, squashing hopes that it had been tamed enough to lower interest rates. Even if the Fed [...] READ MORE

Higher interest rates make government debt unviable as an economic solution

The national debt clock in midtown Manhattan in New York City, US, in May 2023. For more than a decade, numerous economists – primarily but not exclusively on the left – have argued that the potential benefits of using debt to finance government spending far outweigh any associated costs. The notion that advanced economies could [...] READ MORE

Chinese Gold Trading EXPLODES

Join Alan Hubbard in today’s update on the massive increase in Chinese gold trading activity. This data is something that has to be seen to believed…what is afoot? Join Alan to hear his thoughts.   Alan Hibbard first became curious about the world of investing in 2007. He studied business at a university during the [...] READ MORE

Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver’s Seat

Federal Reserve Chair Jerome Powell tried to keep the central bank’s options open Wednesday by sticking with his view that interest rates are restrictive and that inflation was likely to resume its decline.   But a string of disappointing readings on price and wage pressures have led investors to put less weight on the central [...] READ MORE

Gold pulls back, traders hunker down for interest-rate cues

Gold bars are pictured at the plant of Argor-Heraeus, in Mendrisio (Reuters) - Gold retreated on Thursday as focus returned to chances of U.S. interest rates staying higher for longer, with traders also positioning for economic data that could influence the Federal Reserve's policy path.   Spot gold fell 0.5% to $2,306.69 per ounce by [...] READ MORE

US labor market still tight; productivity falters in first quarter

WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits held steady at a low level last week, pointing to a still fairly tight labor market that should continue to underpin the economy in the second quarter.   Economists largely shrugged off other data from the Labor Department on Thursday showing growth in [...] READ MORE

Biden forgives $6.1 billion in student debt for 317,000 borrowers. Here’s who qualifies for relief.

The Biden administration is forgiving $6.1 billion in student debt for 317,000 people who attended The Art Institutes, a for-profit chain of schools that shut down last fall amid allegations of fraud.   The latest effort represents President Joe Biden's plan to tackle the nation's $1.7 trillion in student debt after the Supreme Court last [...] READ MORE