Live Updates

13

Aug 2025
The search for the next Fed Chair includes Rick Reider, David Zervos, and others

Trump administration expands Fed Chair search to include economists, Fed Governors, and financial industry leaders.

13

Aug 2025
As sellers dominate, the USD weakens against major currencies at the beginning of North American trading

The USD opens lower; technical analysis highlights key movements in EUR/USD, USD/JPY, and GBP/USD pairs.

13

Aug 2025
Afternoon trading sees the Indian Rupee appreciating against the US Dollar due to Fed rate cut speculation

Indian Rupee strengthens as US rate cut bets grow; USD/INR nears 87.65 amid inflation data impacts.

13

Aug 2025
New loans in China amounted to 50 billion, falling short of the anticipated 300 billion

China’s loan shortfall and positive risk sentiment weakened the dollar; AI tokens and gold saw gains.

13

Aug 2025
The Nasdaq reached new highs, with market optimism driven by Fed expectations and technical analysis

Nasdaq hits all-time highs as traders expect a September rate cut amid stable inflation and dovish Fed.

13

Aug 2025
Bessent believes a 50 basis point Fed rate cut is possible, alongside multiple future reductions

Scott Bessent signals possible rate cuts, stresses data accuracy, inflation control, and dismisses asset purchase resumption.

13

Aug 2025
Bessent mentioned Trump’s Nvidia deal, suggesting potential similar agreements and highlighting taxpayer benefits, while addressing China

Trump’s Nvidia deal channels AI chip sales to China, directing 15% revenue to reduce U.S. debt.

13

Aug 2025
US MBA mortgage applications rose by 10.9%, with a market index increase to 281.1

US mortgage applications rose 10.9% as rates declined to 6.67%, with refinances driving gains.

13

Aug 2025
Market anticipates a September cut, as buyers target gains while sellers eye new low levels

S&P 500 hits record high as CPI meets expectations; markets await Powell’s Jackson Hole remarks for direction.

13

Aug 2025
In July, China’s M2 money supply rose, yet new bank loans unexpectedly decreased, raising concerns

China’s M2 supply rose 8.8%, while new loans unexpectedly dropped, prompting stimulus plans to boost spending.

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