It has been a big Wednesday for gold. FOMC decision should help convince Wall Street that a peak in Treasury yields (10-year) is in place. The Fed is still committed to fighting inflation and the market is getting very close to pricing in peak tightening.Gold looks like it could continue …

The US government bond market is sending new signals that investors are increasingly convinced the Fed’s aggressive actions to tame inflation will result in recession.While Fed Chair Jerome Powell on Wednesday said that he does not see the economy currently in a recession, spreads between different pairings of Treasury securities …

Nord Stream 1 pipeline’s reduced gas flows via the was a significant factor that added more complication to the EU’s plan to fill gas storage units across the continent. The EU’s goal as a whole is to replenish its gas storage to 80 percent full by the end of October. …

The AUD/USD pair is moving through a critical level on the daily chart (see below) and has reached a high of 0.7000 following a dovish outcome at the Federal Reserve. AUD/USD has climbed by over 0.8% on the day so far from a low of 0.6911 to a high of …

The USD/CAD pair remains pressured around six-week low, keeps Fed-inspired bearish bias despite oil’s pullback. Fears of US recession also recently poked bears even as Fed’s Powell favored sellers.USD/CAD bears approach 1.2800 while extending the post-Fed losses during Thursday’s Asian session. In doing so, the Canadian dollar ignores a pullback …

FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“We understand goal of soft landing is very challenging, has become more so in recent months”.“I am gratified that markets have …

FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“No one can be sure on whether we can achieve a soft landing”.“Balance sheet reduction is working fine, markets have accepted …

The latest 75-basis point rate hike from the Fed, decided on Wednesday, July 27, 2022, will make business debt of higher cost as the monthly payment on loans will be a bigger, if manageable, drain on cash flow.But higher debt interest payments are less significant for business owners than what …

FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“Our thinking is that we want to get to a moderately restrictive level by end of this year.”“That means 3% to …

The Federal Reserve System published a press release on the official website including the FOMC Meeting statement. The statement reads as follows: “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting …