Tag Archives: FED

Thomas Barkin, President of the Federal Reserve Bank of Richmond has emphasized the need for the Fed to be open to the possibility of the US economy reaccelerating rather than slowing, which could have implications for the central bank’s inflation fight. The US Dollar Index clings to daily gains above …

After six straight days of losses, the EUR/USD is now trading near 1.0900. at the time of writing, the pair is seen at 1.0895. Upside inflation concerns were alluded to in the German Buba Monthly Report, which encouraged hawkish bets on the European Central Bank. Investors are looking forward to …

On Monday, the price of gold kept falling as the bond market turbulence persisted. The XAU/USD pair fell to its lowest point since March 14th, 1,880. Its decrease from this year’s peak is greater than 9.3%. At the time of writing, the precious metal is selling for $ 1894.69 per …

Gold prices rose from five-month lows on Monday, after falling in the past five sessions, as investors’ focus turned to a meeting of central bankers in Jackson Hole, Wyoming, this week in anticipation of their outlook on the economy and interest rates. Spot gold rose 0.3% to $1,892.88 an ounce …

Gold is trading at %1891.40 at the time of writing. It is up 0.09%. The precious metal now finds itself at its lowest level since mid-March. Economists expect Fed Chair Powell will probably leave all options open regarding interest rate hikes in the next FOMC meetings.The recent renewed rise in …

Equities are down and bond rates are up as investors remain cautious due to expectations of additional monetary tightening by central banks. The July Fed minutes show a unanimous vote in favour of raising rates, but growing reluctance among board members regarding possible over-tightening.Initial Jobless Claims came in at 239K, …

The USD/CHF pair retreated below 0.8800 and hit a daily low of 0.8760. FOMC minutes from the July meeting left the door open for another hike, and surging US bond yields limit the downside for the US dollar.The USD DXY Index rose to its highest level since January at 103.60, …

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 …