WTI tends to finish Friday’s trading session with flat performance, as Wall Street ended the day with substantial gains amid hopes that Fed could be less hawkish, as mentioned by Fed officials debating to slow the pace of rate increases following November’s meeting. At the time of writing, WTI is …

US shares surged on Friday after a news report, by WSJ, said the US Fed will likely debate on a smaller interest rate hike in December, raising hopes the central bank may be ready to adopt a less hawkish policy stance.The Dow Jones Industrial Average (.DJI) rose 646.73 points, or …

On Friday, San Francisco Federal Reserve President Mary Daly warned that the US central bank should avoid putting the economy into an “unforced downturn” by raising interest rates too sharply, adding that it’s time to start talking about slowing the pace of the hikes in borrowing costs.The Fed is widely …

Next week’s the European Central Bank monetary policy meeting will be a key event that attracts traders’ attention. According to analysts a 75 basis points interest rate hike is highly expected. Analysts also believe that the deposit rate will reach 3% by March 2023. ECB’s Lagarde will have to acknowledge …

The Euro is currently seen as picking up and returns to levels above 0.9800. Speculation about a shorter Fed hike in December served the US dollar a sudden blow.The Euro departed the previous days’ weakness on Friday during the US session. The pair has regained lost ground after bouncing at …

Gold price advances almost 1% as the market speculations accelerated on FOMC’s intention. A WSJ article noted that FOMC members could be split about December’s rate hike, as November increase to the Fed funds rate (FFR) 75 bps, is certain. The precious metal is trading at $1651.36 per ounce at …

The AUD/USD pair turned positive for the day after rebounding more than a hundred pips from four-day lows. The pair rose from near 0.6200 to 0.6333, hitting a fresh daily high on the back of a weaker dollar.The US dollar pulled back across the board following a report mentioning a …

Soaring treasury yields managed to save the US dollar on Thursday. The American currency started the trading day with negative performance, but later was able to trim intraday losses and finished the day little changed against most major rival currencies.The yield on the 10-year US Treasury note picked at 4.23%, …

The gold price has moved back to flat position on the day to print around $1,629.25 after moving between the $1,622.54 low and the $1,628.93 high for most of the session, reversing two losing sessions as the US dollar eased. At the time of writing the precious metal is trading …

The EUR/USD pair is trading at 0.9783 at the time of writing versus Wednesday’s 0.97815 level. The pair edged up into the close on Wall Street by 0.12% as the US dollar pauses the soaring US yield environment and despite markets pricing in the Federal Reserve’s terminal rate of around …