Gold pulls back from two-week high ahead of FOMC decision The price of gold rose to $1937.35—a two-week high—before falling to $1931.77—a decrease of 0.06%. In the meantime, the US 10-year Treasury note yield rises to a 16-year high of 4.367%, depressing gold prices. Investors watch the Federal Reserve’s “dot …

According to Deputy Governor Sharon Kozicki of the Bank of Canada, interest rates must continue to be high. She emphasised how worried they are about the underlying inflation. The latest Consumer Price Index report shows that inflationary pressures are still widespread, she said, despite the fact that core inflation measures …

The GBP/JPY pair was seen falling back to the midline after failing to maintain its bullish advance. Regarding the imminent rate decision from the Bank of England, investors are waiting for guidance.The Japanese Yen’s momentum for the Wednesday session may be set off by data on the trade balance in …

On Tuesday, US WTI crude is reaching new ten-month highs. According to reports, the US shale output may fall faster than anticipated. Aiming at $100 per barrel, the outlook for oil is firmly favourable. In Tuesday’s trading session, WTI crude oil barrels briefly crossed the $93.00/bbl mark, before retreating to …

The USD/JPY pair is trading at 147.71, a yearly high, as investors remain cautious ahead of the US Federal Reserve and Bank of Japan policy decisions. The Fed is expected to keep rates unchanged at the 5.25%-5.50% range, focusing on economic forecasts and Federal Funds Rate projections. The Bank of …

The US Dollar modestly declined but remained above 105.00 on a calm week start. It marked the first daily loss after nine consecutive days of gains. This correction has taken place during quiet trading circumstances as markets await key central bank meetings. On Wall Street, stocks opened the week with …

to kick off the trading week, the EUR/GBP pair is decisively climbing over the 0.8600 handle and extending upwards as the Bank of England (BoE) looms over the horizon.Sterling bulls hope to survive this week’s UK inflation data before BoE rate call. The Bank of England is broadly expected to …

Wall Street closed with little change on Monday as investors await the US Fed’s decision to leave key interest rates unchanged on Wednesday, as expected. The three major US stock indexes ended a choppy session with nominal gains, as investors showed little conviction heading into the Fed’s two-day monetary policy …

Currently suffering, the GBP/JPY pair is trading close to the day’s low of 182.80. The UK’s August CPI, which is anticipating a 0.7% increase over the 0.4% fall from the previous month, will be revealed early on Tuesday. On Thursday, the BoE is anticipated to increase the benchmark interest rate …

The Gold Index (XAU/USD), which is up by 0.40%, has soared to the $1,930s territories. In anticipation of this week’s central bank decisions, markets are still cautious. The metal’s potential is constrained by still-high US yields.On Monday, the current price of gold is remaining above the convergence of the 20 …