Tag Archives: FED

On Tuesday, Federal Reserve Bank of Philadelphia President Patrick Harker said “My best guess is we will remove about $2.5 trillion from the balance sheet overall but data will guide us,”.“We want to reduce the balance sheet methodically until we start to see where we need to stop,” Parker added …

Gold prices hit a three-month high on Tuesday as the dollar fell, amid hopes the Federal Reserve will ease its policy of raising interest rates in the future. Spot gold rose 0.5% to $1,779.94 an ounce by 0745 GMT, its highest since August 17. US gold futures rose 0.4 percent …

The USD/CAD pair is set to move higher, receiving significant support from the firmer US dollar on Monday. WTI crude is under pressure because Covid infection in China, and this is one factor that is knocking the Canadian dollar. The USD/CAD pair is heading upside on Monday, partly as oil …

Fe members stressed the need to prolong rate hikes, even though at a slower pace, and the comments by Fed Vice Chair Lael Brainard, in particular, are bolstering the US dollar. The Swiss Franc continues to strengthen against the US Dollar.Based on data, SNB Governor Thomas J. Jordan said they …

The US Dollar Index reclaims the area above the 107.00 mark on Monday. US yields tread water amid general absence of direction. The USD Index keeps unchanged following the opening bell in Wall Street. The Index looks supported around 106.30The index regains some poise after the sharp decline seen in …

Gold prices fell on Monday from a three-month high reached in the previous session as the dollar and US bond yields rose after a senior Federal Reserve official warned that the board was not easing its fight against inflation. And the price of gold in spot transactions 0.5 percent to …

Britain’s economy contracted in the three months to September at the start of what is likely to be a prolonged recession, adding to the challenges facing Chancellor Jeremy Hunt as he prepares to raise taxes and cut spending. Official data on Friday showed Britain’s economy shrank 0.2 percent in the …

Global stocks rallied on Friday for a second day on hopes cooler US inflation would lead to less aggressive interest rate hikes by the Federal Reserve, an outlook that pushed the dollar to its biggest two-day drop in 13 years.Economic DataMSCI’s all-country world index rose 1.91%, lifting it to its …

On Wall Street, US stocks surged, Friday, to add to the prior US session’s biggest daily percentage gains for the S&P 500 and Nasdaq in more than 2-1/2 years after year-over-year inflation in October fell below 8% for the first time in eight months.The S&P 500 closed out its best …

The price action of gold, next week, will look for direction mostly from the US dollar which attains a special standing as the key driver for gold’s ability to continue to this week’s rally.Gold is quickly becoming the asset to watch amid hot inflation as well as when inflation starts …