Uncover the pulse of the markets in our exclusive roundup, where every headline tells a story of its own. With Powell's unexpected projections setting the tone, coupled with Nvidia's staggering climb, Gold's unprecedented surge, and EUR/USD's dramatic rise, the financial world is ablaze with excitement.
Dive deeper into these compelling narratives to uncover the insights driving today's investment landscape.


Jerome Powell says rate cuts will begin this year
Federal Reserve Chairman Jerome Powell concluded his two-day testimony, reiterating his expectation of interest-rate cuts later this year. Addressing both the House Financial Services Committee and the Senate Banking Committee, Powell emphasized that while rate reductions are on the horizon, the central bank remains cautious about the trajectory of inflation towards their 2% target.
During his testimony, Powell highlighted the significant easing of inflationary pressures over the past year, coupled with a stable unemployment rate.
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Nvidia stock touches new record, surpasses $900 level
Nvidia ($NVDA) experienced a notable uptick in its stock price, with a gain of over 2%, which propelled it to achieve new all-time highs. On Thursday, March 7, shares of the semiconductor giant surpassed the impressive milestone of $900, peaking at $909.92 each.
This surge further solidifies Nvidia's position as a standout performer in the market, particularly this year. Year-to-date, the stock has seen a remarkable 88% increase, outpacing many other prominent stocks. Nvidia has emerged as the best performer among the "Magnificent 7" stocks.
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Price of Gold hits record high amid economic
In global markets, Gold ($XAUUSD) is on the rise, fueled by predictions that the U.S. Federal Reserve will lower interest rates this year.
In the past six sessions, bullion has gained approximately 7%, with the price of one ounce of gold reaching $2167 today. Over the past year, gold has appreciated by more than 18%.
At the same time, the financial giant Citigroup has raised its gold price forecast for the next three months to $2200 per ounce and increased its forecast for the next 6–12 months to $2300.
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EUR/USD climbs to multi-week highs above 1.0900
The $EURUSD pair has surged past the critical 1.0900 mark, reaching multi-week highs as selling pressure intensified on the US Dollar. Chair Jerome Powell's testimony, aligning with investor expectations, compounded with disappointing US labor market data, fueled this downward pressure on the Greenback.
The US Dollar Index extended its decline for the fifth consecutive session, hovering around five-week lows just above the 103.00 level, accompanied by ongoing decreases in US yields.
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This concludes our weekly recap. Have a great weekend and see you next week! 👋