Tag Archives: FED

New Zealand’s prime minister, Jacinda Ardern, has said she is resigning, in an unexpected announcement that came as she confirmed a national election for October. At the party’s first caucus meeting of the year on Thursday, Ardern said she “no longer had enough in the tank” to do the job. …

Ahead of the weekend, the Japanese Yen weakened following the BoJ’s monetary policy meeting, with the BoJ resolute in keeping its dovish stance, and the Yield Curve Control (YCC). On the other hand, the Euro sharply rallies on Friday.The EUR/JPY pair managed to bounce off the day’s lows at 139.03 …

The market’s risk-on impulse favoured risk sensitive currencies including the NZD, CAD, NOK, SEK and of course the Australian Dollar. The US housing market continues to deteriorate, as shown by declining Existing Home Sales.Fed’s policymakers favour a deceleration of rate hikes, though the higher-for-longer stance remains unchanged. The AUD/USD pair …

The US Dollar exhibited negative performance on Thursday, as the gloomy mood that ruled financial markets eased later on the day, but most European and US indexes closed in the red territory.Hawkish comments from ECB and US Fed’s policymakers suggested central banks are far from done with their quantitative tightening …

Fed’s Vice Chair Lael Brainard said that ”there are reasons to think high inflation in the more labour sensitive “core services ex-housing” basket might reflect the pass-through of pandemic and war one-offs and not solely cyclical strength from tight labour markets.“Inflation has been declining over the past several months against …

Gold prices rose on Thursday, as investors assessed the chances of the Federal Reserve slowing the pace of raising interest rates, while the rise of the dollar curbed the gains of the yellow metal. And by 0252 GMT, gold in instant transactions increased 0.1 percent to $ 1906.01 an ounce. …

The US Dollar closed with gains against most major rivals, ON Wednesday, reverting earlier losses when it traded at fresh lows. Global yields fell, initially weighing on the US Dollar, later reflecting risk aversion and rising alongside the dollar.Wall Street started the day with modest gains but ended up collapsing, …

US Stocks gave back earlier gains on Wednesday as investors put an end to the new year’s rally, now in its third week. The latest reversal could be attributed to a combination of fluctuations as well as skittishness and profit taking.The Dow Jones Industrial Average fell 436 points, or 1.3%, …

The Fed needs to raise interest rates a “little bit” above the 5.00% to 5.25% range in order to bring inflation to heel, Cleveland Fed President Loretta Mester said on Wednesday, as she declined to disclose her preferred size of move at the upcoming policy meeting.“We’re not at 5% yet, …

Gold price snaps two days of straight losses, gaining traction on Wednesday, as the US dollar slides to eight-month lows around 101.528 but lately has recovered some ground and exchanged hands around 101.871. Another reason that keeps the XAU/USD underpinned is falling US Treasury bond yields, with the 10-year note …