Tag Archives: FED

Gold prices finished Monday with a shy loss, following a wild soaring in the final session of last week that saw prices for the precious metal briefly dip to fresh lows. Gold was not stable to begin the week, as the bears have been able to pull the rope to …

Japan’s government and central bank intervened in the currency market early Saturday to support the retreating yen, triggering a dramatic rebound against the dollar after the Japanese currency had reached a fresh 32-year low of nearly 152 against the dollar.Finance Ministry Vice Minister Masato Kanda told reporters he would not …

Amid hopes that Fed could be less hawkish, as mentioned by Fed officials debating to slow the pace of rate increases following November’s meeting. At the time of writing, WTI is trading at $85.05 per barrel, up by 0.19%. The Euro recovered to the 0.9800 level as Fed officials signaled …

On Friday, San Francisco Federal Reserve President Mary Daly warned that the US central bank should avoid putting the economy into an “unforced downturn” by raising interest rates too sharply, adding that it’s time to start talking about slowing the pace of the hikes in borrowing costs.The Fed is widely …

The Chinese yuan fell during Friday’s trading, near its lowest level in 14 years against the dollar, bringing its losses this year to 12.3%. And according to Bloomberg, market watchers expect further yuan weakness after the Communist Party congress ends this weekend, with the central bank loosening its grip on …

The gold price has moved back to flat position on the day to print around $1,629.25 after moving between the $1,622.54 low and the $1,628.93 high for most of the session, reversing two losing sessions as the US dollar eased. At the time of writing the precious metal is trading …

The negative market mood erased Tuesday’s relative optimism. This sentiment has benefited the American Dollar on Wednesday, which extended its latest rally against major rival currencies.The trading day witnessed the release of fresh inflation reports that reminded traders of the high risk of a looming global recession.The EUR/USD pair finished …

Traders witnessed another day of battle for control of Bitcoin’s $19,200 support level, as there was seldom any change to the persistent choppy price action in the crypto market during trading on Wednesday.The US dollar’s Index, DXY, rebounded and so, spiked above 113 near midday after hitting a low of …

Federal Reserve Bank of St. Louis President James Bullard hinted at the possibility of raising interest rates by 75 basis points at each of its next two meetings in November and December. The US dollar bounced, it has from two-week lows on Wednesday with a rise in US Treasury yields …

Raphael Bostic, the head of the central bank’s Atlanta district has said that inflation is too high and they have to get it under control.“There is a need for stable prices for maximum employment growth”, Bostic added, boosting bets concerning the continuation of the Fed’s hawkish stance during the next …