Financial Gambits
Insights That Drive Financial Growth in Resource and Tech Markets

Category: Finance

Scott Bessent Calls Market Corrections ‘Healthy,’ While Jim Cramer Has a Different View

Scott Bessent Calls Market Corrections ‘Healthy,’ While Jim Cramer Has a Different View

Scott Bessent says corrections are ‘healthy.’ Jim Cramer disagrees CNBC’s Jim Cramer on Monday reflected on recent market action, and argued that the reason the S&P 500 plummeted into correction territory last week deviated from typical explanations. “Right now, people are worried about a recession that’s caused by the President of the United States,” he […]

GBP/USD Remains Steady Despite Unexpected Drop in UK GDP

GBP/USD Remains Steady Despite Unexpected Drop in UK GDP

GBP/USD shrugs as UK GDP unexpectedly declines The British pound has edged lower against the US dollar on Friday.  GBP/USD is trading at 1.2928 in the European session, down 0.13% on the day. UK economy declines 0.1% in January The UK economy barely registered any growth in the second half of 2024, rising 0.1% in […]

In the Immediate Future, Trade Wars Result in Losses for All Parties Involved

In the Immediate Future, Trade Wars Result in Losses for All Parties Involved

In the short term, everyone loses in a trade war Roughly six weeks from President Donald Trump’s inauguration was when the presidential honeymoon period seemed to end. Trump has stayed true to his campaign promise to levy tariffs on foreign goods imported from our country’s largest trading partners: Mexico, Canada and China. And while he […]

New Zealand Dollar Rises Amid Strengthening Manufacturing Sector

GBP/USD Remains Steady Despite Unexpected Drop in UK GDP

New Zealand dollar climbs as manufacturing improves The New Zealand dollar is in positive territory on Friday.  NZD/USD is trading at 0.5722 in the European session, up 0.46% on the day. NZ Manufacturing PMI rises to near-three year high New Zealand’s manufacturing sector improved in February, as Manufacturing PMI rose to 53.9, up from 52.5 […]

Brent Crude Update: Oil Prices Surge as EIA Lowers Oil Surplus Forecasts

Brent Crude Update: Oil Prices Surge as EIA Lowers Oil Surplus Forecasts

Brent Crude Update – Oil Prices Rally as EIA Reduces Oil Surplus Estimates Most Read: Dow Jones (DJIA), S&P 500 Under Pressure as Record Cash Levels Suggest More Downside Ahead Brent crude prices are up around 1.55% at the time of writing as the commodity attempts a sustained recovery.  U.S. government data revealed that oil […]

Is a Gold Rally on the Horizon? XAU/USD Price Forecast in Times of Economic Uncertainty

Is a Gold Rally on the Horizon? XAU/USD Price Forecast in Times of Economic Uncertainty

Will Gold Rally? XAU/USD Price Outlook Amidst Economic Uncertainty Most Read: Weekly Market Outlook: Trigger Uncertainty, Nasdaq in Correction & US CPI Data Ahead Gold is feeling a bit of pressure at the start of the week as markets are cautious of what lies ahead. Rising tariff developments, recessionary fears and an uncertain geopolitical outlook […]