FOMC’s day will be a busy day. The Asian session will feature New Zealand’s release of Q2 Current Account data, and Japan will report August trade data.The Australian Westpac Leading Index will be released. The focus will be on the People’s Bank of China (PBoC) interest rate decision. Later on …

The latest US consumer price index data bolstered concerns that the Fed’s latest efforts to bring inflation back to its 2 per cent target might take longer than expected. Rising energy costs pushed the rise in the headline CPI figure to 3.7 per cent in August, above economists’ expectations. A …

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 plots” and revised economic estimates closely for signs of a rate …

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 …