Forex Market

The gold price is under pressure on Wednesday but contained within a familiar range as it continues to trade sideways on the daily chart. At the time of writing, at $1,922.10, XAU/USD is down 0.06% and has travelled between a high of $1,933.58 and a low of $1,915.08. The US …

According to the minutes of the March FOMC meeting, participants judged that it would be appropriate to move the stance of monetary policy towards a neutral posture expeditiously, reported Reuters. Balance Sheet Reduction“On balance sheet reduction, participants generally agreed monthly caps of about $60B for Treasury securities, $35B for mortgage-backed …

Philadelphia Fed President and FOMC member Patrick Harker said on Wednesday that he does not see high inflation going away any time soon and that high gasoline prices will be here for some time, reported Reuters. Harker said he doesn’t expect food prices to come down any time soon. Harker …

This year’s unprecedented global bond rout accelerated after US Fed’s Lael Brainard said the US central bank will likely step up policy tightening by swiftly reducing its massive debt holdings.The prospect of aggressive Fed action drove the yield on benchmark 10-year Treasuries up five basis points to 2.60%, propelling it …

The EUR/USD pair regains the 1.0900 barrier and beyond after bottoming out in the 1.0870 region on Wednesday.Considering the ongoing price action, further decline remains expected for the pair in the short-term horizon. Against that, a drop below the so far weekly low at 1.0875 (April 6) should put a …

Credit rating agency Standard & Poor’s Global said in a report that global sovereign borrowing will reach $10.4 trillion in 2022, about a third more than the average before the coronavirus pandemic.

The US dollar is the most prominent winner on Tuesday, firmly up against all of major rival currencies. Diminishing chances of a diplomatic solution to the Russia-Ukraine conflict and central banks’ aggressiveness were behind the market’s movements during the US trading session.Economic DataUS Institute for Supply Management (ISM) has unfolded …

The US dollar index has finally turned imbalance after consolidating in a range of 97.68-99.42 over one month. The strength of the dollar as a robust asset amid an aggressive hawkish stance from Fed policymakers has supported the Index to establish above 99.00 and has also exposed it to touch …

Investors, traders and market participants are eying minutes of the Federal Reserve’s March meeting to find direction as well as to gauge US central bank policymakers’ appetite for a half percentage point increase in interest rates in May. The stock market remains within a specific range for now, which should …

Amid a looming new sanctions package, the US Treasury Department’s new move would prohibit Russia from using funds held in American banks to pay debt obligations. The Treasury Department on Monday prohibited Russia from withdrawing funds held in American banks to pay its debt obligations, a major escalation aimed at …