The US Dollar Index, or DXY, was trading slightly higher at 105.80 earlier on Thursday. Despite cautious words made by Fed Chair Jerome Powell regarding inflation and its unclear future trajectory, the dollar saw a brief upward momentum. Weekly Jobless Claims data appear to be helping the dollar, which is …

The number of Americans filing new unemployment benefits remained low last week, indicating a tight labour market that should continue to support the economy in the second quarter. However, economists dismissed data from the Labour Department showing growth in worker productivity almost stalled in Q1, arguing that the trend in …

Since mid-April 2024, the global oil market has been in a tug of war mode, with remarkable fluctuations, as prices continued to swing and reacted to upward and downward pressures. In order to understand this volatility, it is essential to refer to reliable data and stay informed on global developments …

After the Fed kept interest rates constant as expected and Chief Powell ruled out an interest rate hike as the Fed’s next move, the US dollar gave up its gains on Tuesday with falling US yields across the curve.As US rates reversed following the FOMC meeting, the USD Index (DXY) …

Gold prices surged following the Federal Reserve’s decision to hold interest rates at 5.25-5.50% and Chair Powell’s cautious comments. The US economy, despite facing inflationary pressures and a tightening labor market, maintains robust domestic demand, according to Powell’s observations. However, inflation remains high, leading to the Fed’s cautious stance on …

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.In its policy statement, the Fed said that there has recently been a lack of further progress toward the 2% …

In the post-FOMC meeting news conference, Federal Reserve Chairman Jerome Powell explained the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions.Key Quotes“The economy has made considerable progress toward dual goals.”“Inflation eased substantially over the past year but it’s still …

The Federal Open Market Committee decided to keep interest rates unchanged at its meeting that concluded today, Wednesday, and investors and observers are awaiting the press conference held by Federal Reserve Chairman Jerome Powell in an attempt to obtain guidance on the future interest rate path and the central bank’s …

Earlier on Wednesday, the XAU/USD Index was trading with gains of 0.84% at $2,304 amid falling US Treasury yields and a weak US Dollar. At the time of writing, it trading at $2299.20 per ounce.Manufacturing activity expanded in April, according to S&P Global. However, the Institute for Supply Management (ISM) …

The Pound Sterling has dropped below 1.2500 against the US dollar, trading at 1.2480, down 0.09% at the time of writing, and pressured by the strength of the US dollar ahead of the announcement of the latest Fed policy decision. The Pound Sterling’s valuation is largely influenced by the Bank …