Market Update

Gold price witness a firmer rebound after hitting a low of $1,815.00 in the late New York session as the Federal Reserve dictated a 75 basis point rate hike after its two-day policy discussion meeting. Fed chair Jerome Powell went beyond his words, took 75 bps into the consideration, and …

The US Federal Reserve decided to hike 75 bps, greatly influenced by last Friday’s hot 8.6% CPI reading. Fed Chair Powell does not expect moves of 75 bps to be common; the USD/CAD plunged from 1.2995 to 1.2915 as a reaction.The US central bank expects to cut rates by 40 …

The AUD/USD pair turns up mainly by bulls on the back of Fed’s hawkishness. The technical analysts tend now to be bullish, at least for the near term. The AUD/USD pair is recovering on the back of a risk rally and relief that the Federal Reserve’s chairman, Jerome Powell, is …

The Federal Reserve raised interest rates by 75 basis points, the biggest increase since 1994, and Chair Jerome Powell said officials could move by that much again next month or make a smaller half-point increase to get inflation under control.Slammed by critics for not anticipating the fastest price gains in …

Fed Chair Jerome Powell said on Wednesday in his post-Fed meeting press conference that if the Fed doesn’t see progress on inflation, it will react. However, Powell mentioned that soon enough there will be some progress on bringing inflation back down and that he thinks the Fed’s guidance is still …

The Fed continues to see upside risks to inflation, Fed Chair Jerome Powell noted in the opening statement of his post-Fed meeting press conference. “Supply chain constraints have been longer than anticipated and price pressures have broadened, with Covid-19 disruptions in China likely to make things worse ahead”, Powell added.

The US Federal Reserve on Wednesday announced that it had lifted interest rates by 75 bps to 1.50-1.75%, as expected. More details are awaited as Fed Chair Jerome Powell proceeds with the press conference after the FOMC meeting concluded. The vote split was 10 to one, with Esther George favouring …

Gold is poised for another downside but a short squeeze is not off the table. The Fed at the top of the hour is expected to seal the deal one way or another.As per the pre-open analysis on gold for the week, Gold, Chart of the Week: XAU/USD bulls need …

The USD/CHF extends its weekly rally and is up by 1.60%. Risk appetite is back as stocks rally, and safe-haven peers suffer.The USD/CHF clings to parity for the second successive day, trading at 1.0028, recording minimum gains of 0.11%, ahead of the US Fed monetary policy decision. Positive sentiment is …

European Central Bank President Christine Lagarde said on Wednesday that crises are never the same twice and that they must have the courage to act when facts are not clear, as reported by Reuters.“We cannot just be bold, we must be consistent too,” Lagarde added and said that they must …