Markets are awaiting today, Thursday, the Bank of England interest rate decision, amid expectations that it will raise rates for the fifth time in a row since last December, which represents the largest rate hike in 25 years and is expected to continue with inflation heading towards recording double digits. …
Read More »Gold Extends Losses as Markets Fade Odds of December Fed Cut; Dollar Firms Ahead of Data
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AI Rally Outshines the Dow as Markets Await Delayed US Data
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Gold Pulls Back as Dollar Strengthens Amid Cautious Fed Outlook
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USD/CHF: Modest Rebound After Trade Deal Boosts Market Mood
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Silver Retreats After a Stellar Rally — But Momentum Remains Strong
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Fed’s Schmid Warns: Inflation Risks Run Deeper Than Tariffs as Policy Stays Firm
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Market Analysis
June, 2022
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16 June 2022 4:16 am
Market Drivers – US Session – Wednesday, June 15
Central banks are inside the storm amid global tenacious high inflation. The US Fed was the star of Wednesday’s interest rate show. Fed decided to hike rates by 75 bps, the largest since 1994, but dismissed the chances of a 100 bps hike. Fed Chair Powell said it was the …
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16 June 2022 2:50 am
SNB Rate Decision Preview In Light Of Current Inflation Outlook
It is typically a central bank-heavy week, with the US Fed having hiked interest rate by 75 points to bring inflation under control. For the Swiss National Bank, inflation is also its biggest problem. The inflation rate is running at its hottest levels since 2008. Ongoing geopolitical uncertainty and higher …
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16 June 2022 2:25 am
US equities jump on Powell’s comments
Stocks were volatile after the rate hike decision but jumped to session highs as Fed Chairman Jerome Powell said additional increases are on the horizon.Boeing and other shares closely linked to economic growth jumped higher on the hope that rates could rise without tipping the economy into a recession. Boeing …
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16 June 2022 1:34 am
Gold sustains above $1830 on Fed’s hike
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 …
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16 June 2022 12:58 am
USD/CAD hovers around 1.2930s on Powell’s comments
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 …
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16 June 2022 12:37 am
AUD/USD in a short squeeze on the back of Fed’s decision
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 …
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16 June 2022 12:07 am
Powell signals 75 or 50 rate hike in July
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 …
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15 June 2022 11:32 pm
Powell: Getting inflation down amid current unemployment conditions would be success
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 …
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15 June 2022 10:45 pm
Powell: We continue to see upside risks to inflation
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.
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15 June 2022 10:05 pm
Largest since 1994, Fed hikes interest rates by 75 bps
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 …
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15 June 2022 10:01 pm
Gold expecting significant selloff
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 …
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15 June 2022 9:42 pm
USD/CHF hovers around 1.0000 as traders eye Fed’s decision
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 …
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