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According to latest FOMC meeting minutes, the US Federal Reserve wants greater assurance that inflation is heading towards its target of 2%. At their meeting in March, Federal Reserve officials voiced concern that inflation was not decreasing rapidly enough, but they still anticipated lowering interest rates later in the year. …

Gold prices retreated on Wednesday from their record high levels amid a resurgence in the dollar and US Treasury bond yields following the release of data indicating higher-than-expected inflation in the United States. This dampened expectations of an imminent cut in US interest rates. Spot gold prices declined by 0.6 …

Bank of Canada left its interest rate unchanged in April meeting, reiterating that it’s premature to discuss turning to QE anytime soon. The central bank left policy rates at 5.00% for the sixth time in a row, in line with market expectations. The BoC statement also referred to increasing growth …

According to the US Bureau of Labour Statistics (BLS) report released on Wednesday, the annual rate of inflation in the US increased to 3.5% in March from 3.2% in February, as shown by changes in the Consumer Price Index. This result above the 3.4% market expectation. The US Dollar gathered …

Amidst mounting tensions in the Middle East and an unexpected surge in US crude oil inventories, oil prices held steady in early trading on Wednesday. Brent crude futures settled at $89.42 per barrel, while US West Texas Intermediate crude futures saw a marginal increase of two cents to $85.25. The …

The board members of the Reserve Bank of New Zealand (RBNZ) opted to keep the Official Cash Rate (OCR) at 5.50% on Wednesday after the end of the April policy meeting. The choice was consistent with what the market anticipated. The New Zealand Dollar catches a fresh momentum in an …

Following two strong reports in January and February, it is expected that the consumer price index report for March will demonstrate a sustained slowdown in inflation. The core CPI is expected to increase by 3.4% year over year, according to consensus estimates. This would be somewhat less than the 3.8% …

After its monetary policy meeting on Wednesday, the Reserve Bank of New Zealand is anticipated to keep the Official Cash Rate (OCR) at 5.50% for the sixth consecutive meeting. Notwithstanding the fact that Governor Adrian Orr’s news conference was not held and that revised economic estimates were released, the New …

BoJ Governor Kazuo Ueda stated in his semi-annual report on currency and monetary supervision issued on Wednesday that, given the current conditions of economic activity and prices, he expects the current accommodative conditions to be maintained.In his estimation, Ueda believes that the 2 percent price stability target will be achieved …

The US dollar was under pressure throughout the week’s bearish start, but the risk complex was able to gather itself and US rates moved marginally higher across the curve. Ahead of the crucial US CPI, FOMC Minutes, and ECB event, traders continued to evaluate the most recent payroll prints. Amidst …