The gold price is under pressure on Wednesday but contained within a familiar range as it continues to trade sideways on the daily chart. At the time of writing, at $1,922.10, XAU/USD is down 0.06% and has travelled between a high of $1,933.58 and a low of $1,915.08. The US …

According to the minutes of the March FOMC meeting, participants judged that it would be appropriate to move the stance of monetary policy towards a neutral posture expeditiously, reported Reuters. Balance Sheet Reduction“On balance sheet reduction, participants generally agreed monthly caps of about $60B for Treasury securities, $35B for mortgage-backed …

The United States is open to all tools if China invades Taiwan, US Treasury Secretary Janet Yellen said on Wednesday, reported Bloomberg. The US is monitoring attempts to use crypto to evade sanctions, she added, referring to sanctions on Russia. A senior Biden administration official just announced that the US …

Philadelphia Fed President and FOMC member Patrick Harker said on Wednesday that he does not see high inflation going away any time soon and that high gasoline prices will be here for some time, reported Reuters. Harker said he doesn’t expect food prices to come down any time soon. Harker …

Members of the International Energy Agency will release 120M barrels of crude oil in a bid to cool markets. The news was announced on Wednesday. The US will provide 60M of these barrels and this will be included as part of the already announced 180M barrel release that US authorities …

This year’s unprecedented global bond rout accelerated after US Fed’s Lael Brainard said the US central bank will likely step up policy tightening by swiftly reducing its massive debt holdings.The prospect of aggressive Fed action drove the yield on benchmark 10-year Treasuries up five basis points to 2.60%, propelling it …

The EUR/USD pair regains the 1.0900 barrier and beyond after bottoming out in the 1.0870 region on Wednesday.Considering the ongoing price action, further decline remains expected for the pair in the short-term horizon. Against that, a drop below the so far weekly low at 1.0875 (April 6) should put a …

WTI continues to trade choppy and within recent ranges above $100 as traders weigh geopolitics and oil reserve releases. At current levels in the $103.00 area, WTI is higher by just under $2.0 on the day. Technicals are playing an important role at present, with the 50-Day Moving Average just …

The US dollar is the most prominent winner on Tuesday, firmly up against all of major rival currencies. Diminishing chances of a diplomatic solution to the Russia-Ukraine conflict and central banks’ aggressiveness were behind the market’s movements during the US trading session.Economic DataUS Institute for Supply Management (ISM) has unfolded …

The US dollar index has finally turned imbalance after consolidating in a range of 97.68-99.42 over one month. The strength of the dollar as a robust asset amid an aggressive hawkish stance from Fed policymakers has supported the Index to establish above 99.00 and has also exposed it to touch …