Forex Market

Official data published on Thursday showed that inflation in Turkey rose in October year-on-year to a 24-year high of 85.51 percent, slightly less than expected after the central bank cut interest rates three times in three months despite rising prices. Inflation has risen since last year, with the lira plummeting …

The dollar rose on Thursday, buoyed by a sharp rise in US Treasury yields after the Federal Reserve indicated that interest rates are likely to reach a peak higher than current investor expectations, while the pound fell ahead of its monetary policy meeting. for the Bank of England. On Wednesday, …

European shares started trading sharply lower on Thursday after the Federal Reserve dashed any hopes of easing monetary tightening policies aimed at curbing inflation, and even hinted at smaller interest rate hikes for a longer period. The pan-European STOXX 600 index fell 0.9% by 0810 GMT, with interest-rate-sensitive European technology …

The US central bank decided a jumbo 75-basis points rate hike, and the accompanying statement suggested policymakers would soon slow the pace of quantitative tightening. US Dollar Biggest Winner From Fed’s DecisionThe US dollar finished Wednesday higher across the board following a volatile American session. The US Federal Reserve was …

The Gold Index, XAU/USD hit a daily high at $1669 before erasing its gains later as traders are digesting the remarks by Fed Chair Jerome Powell and the Fed’s rate policy statement.If XAU/USD clears the $1617.30 support, a re-test of $1600 is potential. Gold price erased Tuesday’s gains following the …

The Australian dollar undergoes a significant U-turns from 0.9490 and dives to one-week lows at 0.9350. analysts believe that Fed’s Powell is still taking a hawkish stance against hot inflation in front of the journalists, so, his remarks are pushing the USD higher.The dollar suffered following FOMC’s statement which is …

Regarding the monetary policy statement, the Fed acknowledged that US economic growth was slowing down in spending and production and commented that labour market conditions remain “robust” and the unemployment rate is slow. Fed policymakers added that inflation remains elevated, a reflection of the supply/demand imbalances blamed on the pandemic …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3.75-4% following the November policy meeting.Key Quotes“If we overtighten then we have the ability with our tools to support economic activity.”“On the other …

The US Federal Reserve has raised interest rate by 75 basis points as expected. The US dollar as FOMC says will take into account the cumulative tightening.The EUR/USD pair is gaining momentum, above 0.9950 could test parity. The EUR/USD rose following the Fed’s decision to raise interest rates by 75 …

Gold prices have shot higher on a hint of dovishness in today’s interest rate statement and policy decision by the Federal Open Market committee. The vote was unanimous in favour of the policy whereby the Fed hiked by 75bps, setting the target range at 3.75% – 4.00%. Gold is up …