Market Update

Gold prices stabilized on Wednesday as the dollar weakened after the US Federal Reserve raised interest rates by a quarter of a percentage point in a widely expected move. And the price of gold in spot transactions rose 0.1 percent to $ 1920.45 an ounce (an ounce) at 1920 GMT, …

On Thursday, March 17 at 12:00 GMT, the Bank of England will announce its decision and as markets get closer to the release time, the British central bank is widely expected to raise the benchmark interest rate by 25 bps from 0.50% to 0.75%, marking a lift-off for a third …

Australian employment sped past expectations in February as activity recovered surprisingly quickly from an Omicron outbreak, driving unemployment down to lowest since 2008. The latest data do add to pressure for an early interest rate hike. Latest floods in New South Wales and Queensland have come after the February reference …

The American dollar ended the day lower after the US Federal Reserve monetary policy decision. The US central bank hiked rates by 25 bps, as expected, with Bullard being the only dissenter voting for a 50 bps hike. Economic Data Canadian inflation hit 5.7% YoY in February, according to Statistics …

New Zealand’s economy grew less than economists expected in the final three months of 2021 as it bounced back from a contraction caused by a lockdown in largest city Auckland. Gross domestic product rose 3% from the third quarter, when it fell a revised 3.6%, Statistics New Zealand said Thursday …

The XAU/USD Index has climbed near $1,930.00 after the announcement of the Fed’s monetary policy. An aggressive hawkish stance from the Fed has failed to deter gold bulls. The DXY has slipped near 98.40 in absence of an aggressive interest rate hike by the Fed. Gold prices have rebounded sharply …

USD/CAD reached a new daily high after the US central bank raised the benchmark interest rate by 25 basis points, as widely estimated, the first hike since December of 2018. As Fed’s Chair Powell speaks, the USD/]CAD is trading at 1.2716. The Canadian dollar weakened severely, reacting upwards and printing …

US stocks rebound in the Fed aftermath, S&P500 is 1.5% in the green territory. Ukraine/Russia peace talk hopes gain traction in global financial markets. The S&P 500 is in the green by 1.6% and after the volatility surrounding the Federal Reserve that on Wednesday raised its benchmark lending rate for …

Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that the Fed will move interest rates higher as quickly as it practically can and will move rates beyond the neutral rate if required. We will not let high inflation become entrenched, he said. Key remarks:“Nothing in …

US Fed Chair Jerome Powell, in his post-FOMC meeting press conference on Wednesday, said that the committee made excellent progress on their balance sheet reduction plan which could be finalized at the next meeting. Key Remarks:“By end of this year, policymakers are broadly at, or above, their estimates of the …