Day: January 29, 2025

Gold goes nowhere ahead of Fed interest rate decision

Gold stabilizes on Wednesday after a near 1% recovery the previous day. All eyes are on the Federal Reserve interest rate decision later in the day. Gold is better positioned to eke out a fresh all-time high still. submitted by /u/Demblin [link] [comments]

🤓⚡️XAU/USD Gold is rising, congratulations to the bulls! Now, a small correction to the trend line is possible, as the Stochastic has come out of overbought. However, the AO is indicating a growing bullish sentiment.

⚡️XAUUSD ALERT Gold is rising, congratulations to the bulls! Now, a small correction to the trend line is possible, as the Stochastic has come out of overbought. However, the AO is indicating a growing bullish sentiment. submitted by /u/YuR_UK [link] [comments]

TKL – DOGE just announced that they are saving the US Government $1 billion PER DAY, let’s break this down:

It has been exactly 1 week since inauguration. If DOGE is saving $1 billion/day already, this is unprecedented Let’s assume they save $1 billion/day for the entire year one, a total of $365 billion through January 2026 In FY2024, the US deficit came in at ~$1.8 trillion. This means DOGE could reduce US deficit spending by 20% in YEAR ONE To put this into perspective, the US spent ~$850 billion on Defense Spending in 2024, the savings would equal ~43% of Defense Spending Net interest costs on US debt came in at $882 billion in 2024 with an average interest rate of 3.3% on US federal debt If the DOGE can actually cut $365 billion in deficit spending, this would save over ~$12 BILLION of incremental interest expense PER YEAR The 10-year note yield is up over 100 basis points since rate cuts began on rising inflation and deficit spending worries If deficit spending actually starts to decline and the 100 bps rise in yields is reversed, this would save US consumers TRILLIONS in interest over the next decade To erase the FY2024 deficit completely, DOGE would need to cut $5 billion per day, or 5 TIMES more than what has already been cut The last US president to achieve a budget surplus and reduce deficit spending was Bill Clinton in 1998 If a budget surplus is achieved, Trump and Elon Musk’s DOGE would be the 2nd to do it since 1969. Can DOGE make history? submitted by /u/FXgram_ [link] [comments]

Reuters: “A 0.1% decrease in GDP is likely to occur in the German economy in 2025”. The reasons are both simple and complex: rising foreign competition, energy costs, and high interest rates. This will be the third year in a row. How do Germans feel about it? Is it frustration, or what?

As sad as it may sound, but the German economy faces a severe crisis – a three-year decline since reunification, while the Eurozone and world economies are growing, albeit slightly. What if 2026 turns out to be the same or even worse? submitted by /u/Aftermebuddy [link] [comments]