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US crude oil futures prices hit the first awaited target yesterday at 90.00 to succeed in recording the highest price of $90.35 per barrel. Looking at the chart, crude oil is consolidating above the strong support floor at 88.10, accompanied by the positive motive coming from the 50-day simple moving …

Gold prices witnessed mixed movements during the previous trading session, influenced by the Federal Reserve’s decision to raise interest rates by 75 basis points for the fourth time this year. Technically, trading quickly returned to stability below the strong supply area published during all technical reports for the current week …

The movements of the euro against the dollar witnessed a clear fluctuation after the Federal Reserve decided to raise interest rates by 75 basis points to reach an interest rate of 4.0%. However, the movements remained negative within the bearish technical path as we expected, approaching the first target station …

The US central bank decided a jumbo 75-basis points rate hike, and the accompanying statement suggested policymakers would soon slow the pace of quantitative tightening. US Dollar Biggest Winner From Fed’s DecisionThe US dollar finished Wednesday higher across the board following a volatile American session. The US Federal Reserve was …

The Gold Index, XAU/USD hit a daily high at $1669 before erasing its gains later as traders are digesting the remarks by Fed Chair Jerome Powell and the Fed’s rate policy statement.If XAU/USD clears the $1617.30 support, a re-test of $1600 is potential. Gold price erased Tuesday’s gains following the …

Crude oil prices moved up on Wednesday after the US Energy Information Administration reported an inventory draw of 3.1 million barrels for the week ending on Friday, October 28. At 436.8 million barrels, inventories were 3% below the five-year average for this time of the year according to the EIA. …

The Australian dollar undergoes a significant U-turns from 0.9490 and dives to one-week lows at 0.9350. analysts believe that Fed’s Powell is still taking a hawkish stance against hot inflation in front of the journalists, so, his remarks are pushing the USD higher.The dollar suffered following FOMC’s statement which is …

Regarding the monetary policy statement, the Fed acknowledged that US economic growth was slowing down in spending and production and commented that labour market conditions remain “robust” and the unemployment rate is slow. Fed policymakers added that inflation remains elevated, a reflection of the supply/demand imbalances blamed on the pandemic …

The Federal Reserve hiked its target interest rate by three quarters of a percentage point, as expected. Chair Jerome Powell said that the Fed could start to dial back rate hikes in future meetings, giving the economy a bit of a breather from punishing interest rate spikes that have slowed …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3.75-4% following the November policy meeting.Key Quotes“If we overtighten then we have the ability with our tools to support economic activity.”“On the other …