Tag Archives: FED

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 …

US stock indexes rose on Tuesday as strong results from Goldman Sachs calmed worries of a substantial hit to profit from accelerating interest rate hikes, but a rise in government bond yields pushed mega cap growth stocks lower.Goldman Sachs Group gained 2.5% after reporting a smaller-than-expected drop in quarterly profit …

The aggressive stance adopted by the US Federal Reserve and the anticipated rate hike in November’s FOMC meeting amid high inflation constitute some of the factors that do impact gold prices according to most economists and strategists.Investors are unlikely to grow their appetite for gold. There is a flat and …

Gold prices rose on Tuesday, as a weaker dollar made bullion more attractive to overseas buyers, although risks from an impending Federal Reserve interest rate hike pared gains. And the gold price in spot transactions rose 0.2 percent to $ 1653.31 an ounce by 0709 GMT. But US gold futures …

Gold resisted higher real rates, strong dollar and fund outflows, but the precious metal is still vulnerable to further decline.Gold is experiencing some buying interest around $1,650.00 despite bets for bigger rate hikes by the Fed. On Monday, the precious metal eased the majority of the gains despite mayhem in …

The Japanese yen has hit a new 32-year low. One major question among investors and traders now is: Will the BoJ intervene again this week?The yen has declined nearly 30% against the dollar this year already as the divergence between the US Federal Reserve’s hawkish stance and the Bank of …

WTI is paring its earlier losses and prints gains of almost 0.40% on Monday as China’s continuing losing monetary policy, would likely make up for any reduced demand amidst high inflation and an economic deceleration, sparked global recession fears. At the time of writing, WTI is trading at $85.33 per …