Tag Archives: FED

The USD/CAD pair is expected to end a third consecutive week of decline as hawkish Fed speakers limit the pair’s upside potential. On Friday, the USD/CAD continued its downward momentum dropping to a low of 1.3188 and it is set to confirm a 100 pips weekly decline. At the time …

Inflation in the US is well above target and the labor market remains very tight, the US Federal Reserve’s recently published monetary policy report to Congress read, ahead of Chairman Jerome Powell’s Capitol Hill testimony next week, per Reuters.In reaction; the US Dollar Index clings to modest recovery gains near …

Gold rose on Friday after the dollar hovered near a one-month low, but expectations of an increase in US interest rates this year limited gains. And gold in spot transactions increased 0.3 percent to $ 1964.19 an ounce by 1030 GMT, on its way to rise 0.2 percent this week. …

Oil prices are heading to record a weekly rise on Friday, after incurring losses for two consecutive weeks, amid optimism about the rise in energy demand in China, the largest importer of crude, and the weakness of the dollar. By 0632 GMT, Brent crude futures rose 20 cents, or 0.3 …

On Thursday, oil prices rose 3% to a one-week high as the US currency weakened and new data showed an increase in refinery operations in China, the world’s largest crude importer. By 1:00 p.m. EDT (1700 GMT), Brent futures were up $2.07, or 2.8%, to $75.27 per barrel and even …

The Gold Index climbed 0.86% in the trading, spurred on by a softer US Dollar and retreating US bond yields. Despite the Fed’s rate hike pause, US Treasury yields are retreating, signaling broad market skepticism over monetary tightening. US Retail Sales see an unexpected rise in May, bucking predictions, but …

 Bitcoin, Ethereum prices dipped after the US Fed signaled additional interest-rate increases before the end of 2023. Uniswap, Algorand and Terra LUNA Classic price saw gains  amid a broad market decline. UNI’s release of v4 code, Algorand’s recent partnerships and Terra Classic’s release of v2.1.1 parity upgrade has acted as …

The GBP/USD pair is rallying sharply in the North American session, propelled by an interest rate hike by the ECB and a pause on the side of the US Fed. Expectations that the Bank of England (BoE) could be the more hawkish central bank amongst G10 FX countries keep the …

Oil prices stabilized on Thursday after a sharp decline on Wednesday, as the market balanced between a jump in refinery production in China, the world’s largest crude importer, and a weak economic outlook there. Brent crude futures rose only three cents, or 0.04 percent, to $73.23 a barrel by 0903 …

Gold finished flat around $1,940, looking weak. Earlier, the yellow metal peaked at $1,960 but dropped after the FOMC rate decision. Silver rose 1% and finished slightly below $24.00. Cryptocurrencies tumbled late on Wednesday, with BTC/USD falling more than 3% and briefly to below the $25,000 level; namely the $24,927.80 …