Tag Archives: FED

The euro fell on Friday after economic data painted a mixed picture on growth and inflation in the euro-zone, adding to uncertainty about the percentage by which the European Central Bank is expected to raise interest rates next week. Preliminary data showed gross domestic product in the euro zone grew …

Gold price makes minor gains as stickier inflation prompts the Federal Reserve to tighten. Gold price registers minimal gains, as traders brace for the weekend, gains 0.16%% after data from the United States (US) showed that inflation remains at high levels, justifying the need for further tightening by the US …

The Personal Consumption Expenditures Price Index declined to 4.2% on a yearly basis in March from 5.1% in February, according to the US Bureau of Economic Analysis. The annual Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, edged lower to 4.6% from 4.7% in the same period, …

The GBP/USD pair turned positive for the third straight day and climbed to a two-week high on Friday. The US dollar retreats from a two-and-half-week-high touched this Friday in reaction to the softer US macro data, which is seen lending some support to the GBP/USD pair. The pair’s uptick, marking …

After Microsoft exceeded expectations, technology firms helped lift U.S. markets higher. The S&P 500 was up 0.2% and the NASDAQ Composite was up 0.7% as of 13:47 GMT, while the Dow Jones Industrial Average was up 52 points, or 0.2%. After Microsoft Corporation posted better-than-anticipated results for the quarter and …

Gold is up +0.24% on the day, the precious metal is trading at $1987.31 at the time of writing. The price of gold is fluctuating horizontally during Monday’s US trading session due to the lack of a catalyst, but it is likely to be supported by the weakening US dollar …

Wall Street moved in an erratic manner, ending the trading week with minor losses. The major indices retreated from their monthly highs. The mid-May rally has encountered resistance. The stock market appeared to be heading nowhere on Friday due to a lack of conviction, a week’s worth of company financial …

Amid a new round of USD purchasing, the USD/JPY quickly recovers from the weekly low. The positive US PMIs support future Fed rate hike predictions and strengthen the US dollar. Spot prices are still on course to post moderate rises for a second straight week.During the early North American session, …

The second half of the week is challenging for the US dollar to keep its ground. USD is impacted by disappointing US macroeconomic data releases. The major Wall Street indices trade in the red following the opening bell.The US dollar struggles to keep its footing following Wednesday’s meager rebound. Although …

Financial markets experienced volatility on Wednesday, with strong price increases in currencies and metals. US stocks fluctuated between gains and losses, and although the US Dollar somewhat increased, it fell during the American session. Economic Data Fed’s Beige Book states that “economic activity was hardly changed in recent weeks. The …