Tag Archives: FED

The greenback slid sharply after the October non-farm payrolls report showed employment rising by 150k, underperforming estimates of 180k. Last month’s print was also revised down from 336k to 297k. Unemployment edged up to 3.9% from 3.8% as participation rates dipped to 62.7%. Meanwhile, wage inflation slowed slightly as average …

The euro and pound are headed for weekly gains against the dollar on Friday, as appetite for global bonds led by the United States pushed yields down, as did the dollar, providing relief even to the faltering Japanese yen. However, the always important US non-farm payrolls data scheduled for 1230 …

The Dollar Index fell for the day to 106.15, a decrease of 0.50%. In line with the current risk-on trend, US government bond yields are also falling while Wall Street indexes are rising.Market participants are now concentrating on Friday’s Nonfarm Payrolls report for October. Following Wednesday’s decision and Chair Powell’s …

WTI crude oil gained 2.07% on Thursday as the US dollar declined. WTI is trading at $82.23 per barrel at the time of writing. Despite a potential hawkish retreat, investors respond favourably to the Federal Reserve’s decision to maintain interest rates unchanged. The Fed reiterated its commitment to reducing excessive …

Treasury yields are experiencing a downtrend following the Fed’s decision to continue with a rate pause following its November FOMC meeting. The 10-year yield dropped over 10 basis points, suggesting that market participants are pricing in a Fed likely done with policy hiking. The US yield curve has been well …

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. …

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 …

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 …

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 …

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 …