Tag Archives: FED

The EUR/JPY pair fell on Thursday, for the second straight day due to market sentiment that is turning sour, as portrayed by Wall Street’s performance as the stocks market is expected to finish the US session with losses.The US Fed policymakers remain committed to crushing inflation. At the time of …

US Treasury yields continue to rise, boosted by the latest interest rate hike expectations. Treasury yields rose to 3.799% from the previous daily close at 3.575%.A report issued Thursday by the Economist’s Research and Analysis Unit said that the institution “expects further rate hikes by the Fed in November and …

Gold price has resumed its upside trend after a pullback to near $1,700.00. Escalating Japan-North Korea tensions are turning the risk to the negative side.After bumper US ADP data, positive NFP data could mean a next 75 bps rate hike in November. The gold index turned sideways after sensing demand …

On Wednesday, in the context of prepared remarks to the Northwestern University Institute for Policy Research, Atlanta Fed president Raphael Bostic noted that the US Federal Reserve’s fight against inflation is “still in early days”. Despite “glimmers of hope” in recent data, Bostic said “the overarching message I’m drawing…is that …

The EUR/USD pair fell as speculation on Fed’s intentions regarding interest rate pace has decreased. The EUR/USD is erasing some of Tuesday’s gains as US T-bond yields are seen rising again, while US Services PMI data, even though slowed, is still at expansionary territory. At the time of writing, the …

GBP/USD keeps moving back and forth on Tuesday in a day that ran through a vast territory for a fresh high for the week, so far, at 1.1489 from a low of 1.1280. The American dollar was hit hard by lower-than-expected JOLTS data that has accompanied weak Manufacturing data and …

The yield on the benchmark 10-Year US Treasury note fell 9 basis points to 3.66%, a two-week low, while the dollar index, which tracks the greenback against a basket of six developed economy currencies, fell around a quarter point to 110.65. The S&P 500 meanwhile, rose 2.8%, while the Dow …

Gold prices hit a three-week high on Tuesday, prompting all precious metals to gain, with the dollar and US Treasury yields falling again after hitting their highest levels in years, restoring the allure of the non-yielding precious metal. And gold rose in immediate transactions 2.5 percent to $ 1707.20 an …

Gold price is holding on the $1701 per ounce level during the first US trading session in October. Gold seems to be currently defending its gains amid a broadly weaker US dollar. However, some economists believe that it stays immersed in a strong downtrend despite the recent respite afforded by …

New York Fed President John C. Williams, on Monday, said that the Fed still has a way to go, cites 4.6% median `23 dot.In earlier comments, Williams pointed to three layers of inflation, comparing it to an onion. “The outer layer consist of prices of globally traded commodities such as …