The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, August 17 at 02:00 GMT. After July’s central bank meeting, the RBNZ hinted at concerns about slowing growth. Even heading into July’s meeting, the Bank of New Zealand head of research warned that the latest …
Read More »Inflation expectations retreat ahead of FOMC Minutes
Wednesday’s FOMC Minutes will be crucial for near-term directions amid uncertainty over the policymakers’ bias after the latest inflation readings and the size of the next rate hike. To sum up; Wednesday is all about the July FOMC minutes and while the minutes are some weeks old, no one is …
Read More »What Could Chinese Dull Economic Data Mean For Commodities?
Commodities traders are sitting on edge of their seats following the latest batch of Chinese economic data. Almost all commodity-related assets have been impacted. For example; oil prices plummeted by nearly 5% in early trading on Monday.In commodities, WTI drifts 3.5% lower to trade around $88, but at the time …
Read More »USD/CAD pares earlier losses
US data revealed, Friday morning, lifted the USD/CAD above its 100-DMA when the University of Michigan showed that the US Consumer Sentiment improved from 52.5 as estimated to 55.1, reaching a three-month high. That is very good news for the Federal Reserve policymakers; however, US inflation expectations for a 5-year …
Read More »Dollar rises as markets reassess rate hike bets
The dollar rose in early trade in London on Friday as hawkish comments from Federal Reserve officials weighed against the notion that US inflation data this week could prompt the US central bank to slow down policy tightening. US inflation data came in less than expected, which led to support …
Read More »EU Faces Worsened Energy Crisis On Soaring Demand
European power prices have surged to fresh records on Thursday as recurrent hot weather waves are contributing to limit energy supplies and wildfires rage across France. Wildfires have been raging in the country, leading President Emmanuel Macron to enlist help from across Europe to join 10,000 French firefighters to battle …
Read More »The dollar records more losses after US inflation data
The dollar recorded further losses against other major currencies on Thursday after traders reduced their bets that the Federal Reserve (the US central bank) would raise interest rates aggressively after US inflation data that came the previous day was weaker than expected. And the dollar index, which measures the performance …
Read More »Gold falls amid signs of US interest rate hike
Gold prices fell on Thursday from their highest levels in more than a month, as comments from Federal Reserve officials pointed to further interest rate hikes despite signs of easing inflation in the world’s largest economy. Gold is highly affected by rising US interest rates, because they increase the opportunity …
Read More »Gold recovers on softer US dollar, less hawkish Fed bets
Gold price is advancing towards $1,800.00 after a healthy correction. The precious metal trades at 1,792 at the time of writing amid a risk-on market sentiment that has infused fresh blood into the gold bulls.Cooler than expected US CPI has trimmed extremely hawkish Fed bets. Gold price has picked bids …
Read More »US stocks shot higher after inflation data
US stock indexes opened trading on Wednesday, August 10, with the release of inflation data for the month of July, which came less than expected. At the beginning of the session, the Dow Jones index jumped by 1.36% to 3321.8 points, the Nasdaq rose by 2.22% to 12,768 points, and …
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