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December 19, 2024

Gold Prices Rebound Amid Hawkish Fed Outlook: What Lies Ahead?

Gold prices have shown a remarkable rebound after hitting a one-month low, despite the Federal Reserve’s latest interest rate cuts. The Fed reduced rates by

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December 19, 2024

Worthington Enterprises Reports Strong Fiscal 2025 Q2 Earnings, Surpass Expectations

Strong EPS Performance: Worthington Enterprises, Inc. (NYSE:WOR) reported earnings per share (EPS) of $0.60, exceeding expectations of $0.55. Sales Trends: While net sales declined by

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December 19, 2024

EUR/USD Remains Pressured Below 1.0400 in Wake of Fed’s Hawkish

The EUR/USD currency pair is facing continued pressure, holding below the 1.0400 mark following the Federal Reserve’s hawkish rate cut announcement. Investors are reassessing their

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December 19, 2024

PBOC Sets New USD/CNY Reference Rate: Where Does It Stand?

The People’s Bank of China (PBoC) has established the USD/CNY central reference rate at 7.1911 for today, adjusting from the previous rate of 7.1880. This

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December 19, 2024

USD/INR Holds Steady as Fed Signals Fewer Rate Cuts in

The Indian Rupee (INR) remains relatively flat in today’s trading session. The stability reflects renewed demand for US dollars from importers and foreign banks against

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December 19, 2024

GBP/USD Gains Momentum Near 1.2600 Ahead of BoE Monetary Policy

The GBP/USD pair is showing positive momentum, edging higher towards the 1.2600 mark following a decline of more than 1% post-Federal Reserve’s hawkish stance on

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December 19, 2024

Oil and Natural Gas Markets React to Fed’s Rate Cut

The oil and natural gas markets are displaying significant volatility following the Federal Reserve’s third rate cut announcement. Oil prices are fluctuating within their established

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December 19, 2024

EUR/JPY Surges Past 161.00 Driven by BoJ’s Rate Decision

The EUR/JPY currency pair has broken free from a two-day losing trend, trading around 161.20 in today’s Asian market. This rise correlates with the Bank

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