On Tuesday, Atlanta Federal Reserve President Raphael Bostic said that he wasn’t expecting to see the full impact of monetary policy on inflation for months. US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on the day at 106.30.On Tuesday also, A key …
Read More »
On Tuesday, Federal Reserve Bank of Philadelphia President Patrick Harker said “My best guess is we will remove about $2.5 trillion from the balance sheet overall but data will guide us,”.“We want to reduce the balance sheet methodically until we start to see where we need to stop,” Parker added …
Read More »
European shares started trading higher on Tuesday, boosted by major utilities and real estate stocks, after comments from more Federal Reserve officials dampened hopes of a shift in the bank’s policy. The Stoxx 600 index was up 0.1 percent by 0813 GMT. The utility index rose 0.9, topping the sub-indices …
Read More »
Gold prices hit a three-month high on Tuesday as the dollar fell, amid hopes the Federal Reserve will ease its policy of raising interest rates in the future. Spot gold rose 0.5% to $1,779.94 an ounce by 0745 GMT, its highest since August 17. US gold futures rose 0.4 percent …
Read More »
US President Joe Biden met his Chinese counterpart Xi Jinping during the G20 summit in Bali. The versions of the outcome vary per national news outlets. Biden said they are not looking for conflict and will not be a new Cold War. Chinese media reported that Xi warned Washington about …
Read More »
The USD/CAD pair is set to move higher, receiving significant support from the firmer US dollar on Monday. WTI crude is under pressure because Covid infection in China, and this is one factor that is knocking the Canadian dollar. The USD/CAD pair is heading upside on Monday, partly as oil …
Read More »
Fe members stressed the need to prolong rate hikes, even though at a slower pace, and the comments by Fed Vice Chair Lael Brainard, in particular, are bolstering the US dollar. The Swiss Franc continues to strengthen against the US Dollar.Based on data, SNB Governor Thomas J. Jordan said they …
Read More »
Swiss National Bank Chairman Thomas Jordan has recently hinted that further interest rate hikes were on the way from the central bank. He previously said “determined action” is required to check rising prices. On Monday, Jordan noted there is a “great probability” that the SNB will need to tighten monetary …
Read More »
Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon slow the pace of its interest rate increases.With markets expecting a likely step down in December from the Fed’s rapid pace of rate increases this year, Brainard confirmed that a slowdown if not a stop is …
Read More »
The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation rose to 5.9% in October from 5.4% in September.The US Dollar Index showed no immediate reaction to this publication and it was last seen gaining 0.45% on the …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
