Gold price clings to gains prompted by paused monetary policy from the Fed. Weak US private payrolls and factory data have diminished the appeal of the US dollar. The release of the US NFP would guide further action on the precious metal.As of this writing, gold is trading at $1983.50. …
Read More »Gold Prices Aim At $3,400: Middle East Tensions and US Economic Signals Drive Rally
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Dollar Falls as Weak PPI Data Stokes Rate Cut Hopes
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GBP/USD Surges Amid Economic Shifts, Post-PPI Data and Jobless Claims
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U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty
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Dollar Hits 2025 Low as Stocks Ease, Safe-Haven Assets Rise Amid Middle East Tensions and Trade Concerns
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U.S. Stock Futures Dip Amid Caution Over Trade Deal and Middle East Tensions
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Gold Prices Surge Amid Iran Tensions and Trade Uncertainty
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Market Drivers: Assets Dance to CPI Data, US-China Trade Talks
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Market Analysis
November, 2023
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2 November 2023 5:21 pm
Turkish Central Bank raises its forecast for the inflation rate to 36 percent
Turkish Central Bank Governor Hafizah Ghaya Arkan said on Thursday that the bank raised its forecast for the inflation rate by the end of the year to 65 percent from 58 percent, and also raised its forecast for inflation by the end of 2024 to 36 percent from 33 percent. …
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2 November 2023 3:38 pm
Gold rises as the dollar and Treasury yields decline
Gold prices rose on Thursday, supported by a decline in the dollar and Treasury bond yields, amid increasing investor bets that the Federal Reserve may have reached the end of its cycle of raising interest rates after keeping them unchanged. By 0924 GMT, gold in spot transactions rose 0.3 percent …
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2 November 2023 2:31 pm
Dollar declined after the US interest rate decision and eyes on BoE
The dollar was generally lower on Thursday, with risk-sensitive Asia-Pacific currencies leading gains as investors became increasingly convinced that US interest rates may have peaked after the Federal Reserve kept them unchanged. The focus now turns to the Bank of England and whether it will make the same move on …
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2 November 2023 1:36 pm
European stocks rise on a boost from bets on stopping interest rate hikes
European stocks rose on Thursday, driven by the rise in real estate and technology stocks affected by interest rates, as investors bet on the possibility of the end of monetary tightening policy in the United States after the Federal Reserve kept interest rates unchanged. The European STOXX 600 index rose …
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2 November 2023 6:33 am
NFP Preview: Market Focus Shifts to US Employment Situation
On Friday morning, all eyes will be on Wall Street as the U.S. Bureau of Labor Statistics releases its latest employment survey. This report carries significant weight, as it can potentially influence the Federal Reserve’s monetary policy outlook. As a result, the market will likely experience heightened attention and scrutiny, …
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1 November 2023 11:41 pm
Wall Street holds gains amid choppy trading post-FOMC decision
The S&P 500 largely maintained its gains on Wednesday, despite choppy trading as Federal Reserve Chair Jerome Powell kicked off his press conference. The US central bank had, as anticipated, kept interest rates unchanged while praising the strength of the economy.In a policy statement that acknowledged the unexpected strength of …
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1 November 2023 11:10 pm
Powell: Fed close to the end of tightening cycle
Federal Reserve Chairman Jerome Powell holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% meeting and responds to questions.Key Quotes“‘Dot plot is a picture in time of appropriate policy in light of policymakers’ personal views.”“Efficacy …
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1 November 2023 10:20 pm
FOMC’s statement: Inflation remains elevated
Recent data suggests that economic activity expanded at a strong pace in the third quarter, according to the FOMC statement released on Wednesday, Nov. 1, following the committee’s decision to leave interest rate policy unchanged. The following FOMC members voted in favour of the monetary policy decision: Philip N. Jefferson, …
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1 November 2023 10:03 pm
FOMC keeps rate policy unchanged in line with expectations
As expected, the Federal Reserve policymakers decided to leave US policy rate unchanged at the range of 5.25%-5.5% for the second consecutive time. The decision has just been announced and FOMC Chairman Jerome Powell will speak on the policy outlook and respond to questions in the post-meeting press conference, starting …
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1 November 2023 9:48 pm
Gold fails to hold recent gains ahead of FOMC decision
Near midday, ahead of the Federal Reserve’s meeting to set monetary policy, gold prices were marginally higher. Gold fell by 0.23% from the previous closing price, or $4.50.The Federal Reserve and Bank of England’s central bank meetings are the focus of the market, with most observers projecting that the FOMC …
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1 November 2023 9:22 pm
US dollar leaps to daily highs ahead of awaited FOMC decision
On Wednesday, the US dollar reached a level not seen in almost a month as the DXY Index surged by 0.30%. The US dollar is supported by cautious market sentiment ahead of the Federal Reserve’s policy decision, even in the face of weak US economic data and declining US bond …
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1 November 2023 8:01 pm
Sterling recovers post weaker US data
Weak US economic data has caused the Pound Sterling to rise vertically, increasing market risk appetite. Investors are still awaiting significant monetary policy announcements from the Bank of England and the US Fed, though. The GBP/USD exchange rate is still tense because investors believe the BoE will maintain current interest …
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