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The US dollar aimed to recover ground but pared its advance during US trading hours, ahead of the FOMC Meeting Minutes. The document showed that all members supported plans to reduce the balance sheet, while some added that, after the runoff was well underway, it would be appropriate to consider …

Americans are asking “Are we in a recession?” or “When are we going into recession?” Opponents of the current administration suggest that should US President Joe Biden continue to pursue his climate, fossil-free agenda, American economy could fall into a permanent recession. It could partly be replaced by nuclear power, …

The crypto market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday FOMC meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates.The Fear and Greed Index is exhibiting its longest …

Following Tuesday’s Reserve Bank of New Zealand’s interest rate decision, the governor, Adrian Orr said, Wednesday that he can’t rule out a recession but he does not predict it is inevitable. Orr also said an increasing labour force will push the jobless rate up and that government spending is adding …

The USD/CAD pair retreats from weekly highs, extending its losses in the week to 0.18%. FOMC minutes confirmed that the June and July meetings would witness a 50-bps rate hike, each. USD/CAD, In the short term, is downward biased, and a break below 1.2713 would send the pair towards 1.2630.The …

Crude oil price slightly rose on Wednesday, buoyed by tight supplies and as US refiners drove refining activity to their highest level since before the coronavirus pandemic started. Brent crude futures for July rose by 9 cents to $113.65 a barrel. US West Texas Intermediate (WTI) crude for July delivery …

The Federal Open Market Committee minutes have been released which are so far sending the US dollar DXY index a touch softer.At the May 3-4 meeting, the Fed hiked rates the expected 50 bp to 1.0% and laid out plans for aggressive Quantitative Tightening to begin in June. There is …

For the Fed minutes and sessions ahead, the pair could be based here and result in a higher correction from support. Any Ultra Hawkish remarks by FOMC minutes will likely support the US dollar and potentially send the euro below 1.0640 towards a daily 61.8% ratio down at 1.0615.The US …

Gold price retreats from weekly highs around $1870 as investors prepare for the Fed’s May minutes. The US dollar remains buoyant, despite falling US bond yields and weighs on XAU/USD’s price.Gold slides below the 20-day moving average (DMA) and accelerates towards the 200-DMA at $1839.66 on Wednesday, courtesy of a …

The GBP/USD pair stops Tuesday’s losses and recovers some ground, gaining 0.42% in the week. The positive market sentiment boosts the prospects of the sterling, despite a strong US Dollar. The British pound recovers some ground on Wednesday during the North American session, bouncing near weekly lows around 1.2480s and …