Tag Archives: FED

After losing for a second week in a row, the NZD/USD pair is trading unchanged at 0.5933. Following hawkish FOMC minutes, US Treasury yields are slightly rising. According to RBNZ Governor Orr, a slight recession is necessary.The NZD/USD traded with little losses near 0.5930 on Thursday. On the one hand, …

The USD/JPY hits YTD highs of 145.56 but trades softer at 146.12, marking a 0.15% decline. Economic concerns in China, including the fears of economic slowdown in consumption, property market troubles, and shadow banking issues, weigh on global sentiment.US Initial Jobless Claims are slightly better than expected, while the Philadelphia …

With surging Treasury yields and risk aversion, the US dollar keeps getting stronger. Nearing 103.50, the DXY index climbed to its highest point since June and extended its winning streak to five days. The momentum of the dollar is still strong notwithstanding this rebound.According to the FOMC minutes, several members …

XAU/USD reacts with a sharp drop, testing the S1 daily pivot point, while US Treasury yields and the greenback see upward movement. Fed officials unanimously aim to achieve the 2% inflation target, but divisions emerge on the path forward.Gold price struggles after the latest Federal Reserve’s meeting minutes showed board …

Investors await the Fed’s latest FOMC meeting minutes after several regulators have comments on the current state of inflation and the importance of data-driven decision-making on interest rates going forward.A lot of what investors think the minutes will reflect today is consensus view from the officials and whether or not …

Minneapolis Federal Reserve President Neel Kashkari said noted on Tuesday that he is feeling good about the progress on inflation but added that it was still too high, per Reuters.“The question is, have we done enough, or do we need to do more,” Kashkari added said that they have been …

Following an optimistic note from Morgan Stanley, shares of chipmaker Nvidia rose, helping the S&P 500 and Nasdaq close higher. As investors awaited the earnings results from US retailers, this caused other Megacap growth stocks to increase. The information technology index increased thanks to Nvidia’s gain, making it the strongest …

The Federal Open Market Committee (FOMC), according to Goldman Sachs, may begin reducing the funds rate in the second quarter of 2024. This estimate assumes that core Personal Consumption Expenditures (PCE) inflation will have fallen below 3% on a yearly basis and under 2.5% on a monthly basis. Even if …

Gold prices fell on Monday, August 14, to their lowest level in more than five weeks, after the dollar and bond yields rose, ahead of the upcoming publication this week of the minutes of the US Federal Council meeting for the month of July, which may provide indications that will …

More traders are expected to purchase Bitcoin at steep discounts as they wait for forward-looking macroeconomic data to indicate a recovery in the cryptocurrency’s price since social volume for Bitcoin has increased over the past 30 days. High inflation rates in a nation increase the value of its currency, whereas …