Federal Reserve officials have been emphasizing rapid progress in the labour market as they prepare to raise interest rates. Jerome Powell, the Federal Reserve chair, is likely to talk about how the strong labour market might interact with inflation this year. Federal Reserve officials are expected to emphasize on Wednesday …

In his post-BoC policy announcement and Monetary Policy Report release press conference on Wednesday, Governor Tiff Macklem said that interest rates will have to go up to counter inflation. Canadians should expect a rising path of interest rates, given the BoC is committed to bringing inflation back to target. Main …

The US dollar advances some 0.27% ahead of the release of the Fed monetary policy statement. The USD/CHF is upward biased but faces strong resistance at the 100-DMA. The USD/CHF surges in the North American session reclaim the 0.9200 figure ahead of the FOMC monetary policy decision. The pair is …

The USD/CAD pair surged from the 1.2560s to the 1.2630 area after the Bank of Canada on Wednesday opted to hold interest rates at 0.25%, disappointing calls from a minority of market participants and economists for a 25bps rate hike to 0.50%.Ahead of the meeting, a Bloomberg poll revealed that …

The Bank of Canada announced on Wednesday that it was holding its overnight interest rate at 0.25%, as the majority of market participants had been expecting. Note that a minority had expected a 25bps rate hike to 0.50%. The central bank also signaled that a rate hike would likely be …

Dubai TV interviewed Mohamed Hashad, the Director of Research and Development at Noor Capital and member of the American Association of Technical Analysts, to comment on a number of the latest developments that financial markets are witnessing this week, most notably: First: Crude Oil In light of the continuing geopolitical …

Traders and market participants await the US Fed to adopt firm plans to raise interest rates and taper its holdings of U.S. Treasury bonds and mortgage-backed securities, which have swollen its balance sheet to about $9 trillion.The Fed’s two-day meeting ends Wednesday. Analysts’ views of the meeting are mixed, with …

The Euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.Tensions remained high after NATO said on Monday it was …

The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from the coronavirus and pushing total economic losses toward $14 trillion. That’s according to the International Monetary Fund, which on Tuesday slashed its global growth forecast for 2022 by half a percentage point …

The gold index (XAU/USD) has rallied on Tuesday, adding around 0.5% to the scale after climbing from a low of $1,834.95 to a high of $1,853.88 so far. The US dollar has come under pressure after reaching a two-week peak over tensions between Russia and the West. However, there was …