The US Dollar Index hit lowest level in almost three weeks on Fed’s dovish hike. The Federal Reserve’s decision came in line with 0.25% rate hike expectations but the dovish signals came in Jerome Powell’s remarks about easing inflation in the United States, these signals were most welcome by DXY …
Read More »Gold, Silver Rally Following FOMC’s Rate Decision
Gold and silver prices are higher closer to daily highs in afternoon US trading session on Wednesday, following a broadly expected small interest rate hike by the US Fed.Gold is trading at 1950.14 at the time of writing. April gold was up $15.30 at $1,960.40 and March silver was up …
Read More »What Do Markets Expect From First FOMC Decision in 2023?
After seven consecutive increases in 2022, traders and investors expect the Fed to raise rates by 25 basis points on Wednesday, with increases of 50 basis points by the European Central Bank and the Bank of England on Thursday.If markets are expecting a 25 basis point hike and eventually a …
Read More »Wall Street Celebrates Strong January With Gains
US Stocks are edging higher on Tuesday ahead of what many investors hope will be one of the Fed’s last rate hikes to interest rates as well as anticipated pause of quantitative tightening.The Standard & Poor’s 500 was 0.3% higher as of 9:36 a.m. Eastern and on pace to close …
Read More »Bank of England preview
Over the past year, the Bank of England (BoE) has increased its interest rate from almost zero to 3.5%, adopting a more aggressive escalation policy during the second semester as the inflation rate soared to double digits for the first time in nearly fifty years. The Fed signalled a slowdown …
Read More »Dollar rises before the US central meeting, but is heading to record the fourth monthly loss
The dollar rose on Tuesday, ahead of an expected series of central bank decisions, but remained on track for its fourth straight monthly loss. The Federal Reserve is set to set interest rates on Wednesday and this will be followed by interest rates from the European Central Bank and the …
Read More »OPEC+ Meeting Preview: What does oil market expect following Russian-Saudi talks on oil strategy?
On Monday’s talks over the phone, Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin discussed OPEC+ cooperation with particular focus on the necessity to maintain the stability of crude oil prices ahead of a virtual OPEC+ meeting scheduled for Wednesday.Wednesday meeting, which will take place at 1100 …
Read More »USD/CAD hits fresh daily highs ahead of key data
The US dollar is modestly up amid higher US yields ahead of Fed’s meeting his week and key economic data. Equities and crude oil prices are able to trim previous losses during the US session.The pair is trading at 1.3362 at the time of typing. So far, the USD/CAD pair …
Read More »Gold price struggles ahead of FOMC meeting
Uncertainty is mastering the scene across financial markets as central banks’ monetary policies are in the making to potentially push the economy worldwide into a recession as a side effect of the battle against hot inflation. Gold prices are slightly lower and silver slightly higher in early US trading session …
Read More »Financial Markets’ Weekly Recap, January 23-27
The US Dollar Index began the trading week down around the 102 mark, hovering close to levels not seen since May 2022, as concerns about a US recession and prospects of a less aggressive Fed startled investors away from the American currency which closed the week at 101.9.Oil Price ActionOn …
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