Tag Archives: FED

Nonfarm Payrolls in the US are forecast to increase by 200,000 in October. Gold is likely to react slightly stronger to a disappointing jobs report than an upbeat one. Gold price action has no historical apparent connection with NFP deviation four hours after the data release.The US Dollar Index looks …

Wall Street’s main indexes extended their stay in the red territory and recorded losses for a fourth straight session on Thursday as investors got more concerned that the US central bank could raise interest rates for longer than previously expected.Market participants were hoping that the Fed, which raised rates by …

Gold price has become at the mercy of Federal Reserve’s tightening as the US Dollar extended its gains. The US ISM Services index remained at expansionary territory, but it’s decelerating. Gold price falls after the hawkish remarks by Fed’s Jerome Powell, who said that the “ultimate level of rates would …

The dollar rose on Thursday, buoyed by a sharp rise in US Treasury yields after the Federal Reserve indicated that interest rates are likely to reach a peak higher than current investor expectations, while the pound fell ahead of its monetary policy meeting. for the Bank of England. On Wednesday, …

The US central bank decided a jumbo 75-basis points rate hike, and the accompanying statement suggested policymakers would soon slow the pace of quantitative tightening. US Dollar Biggest Winner From Fed’s DecisionThe US dollar finished Wednesday higher across the board following a volatile American session. The US Federal Reserve was …

The Gold Index, XAU/USD hit a daily high at $1669 before erasing its gains later as traders are digesting the remarks by Fed Chair Jerome Powell and the Fed’s rate policy statement.If XAU/USD clears the $1617.30 support, a re-test of $1600 is potential. Gold price erased Tuesday’s gains following the …

Regarding the monetary policy statement, the Fed acknowledged that US economic growth was slowing down in spending and production and commented that labour market conditions remain “robust” and the unemployment rate is slow. Fed policymakers added that inflation remains elevated, a reflection of the supply/demand imbalances blamed on the pandemic …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3.75-4% following the November policy meeting.Key Quotes“If we overtighten then we have the ability with our tools to support economic activity.”“On the other …

The US Federal Reserve has raised interest rate by 75 basis points as expected. The US dollar as FOMC says will take into account the cumulative tightening.The EUR/USD pair is gaining momentum, above 0.9950 could test parity. The EUR/USD rose following the Fed’s decision to raise interest rates by 75 …

The US Federal Reserve on Wednesday announced that it raised the policy rate, federal funds rate, by 75 bps to the range of 3.75-4% following the November’s two-day monetary policy meeting. This decision came in line with the market expectation. This is the fourth Fed’s interest rate hike in a …