Tag Archives: FED

In the US, Treasury yields rose due to the recession worries and along with the concerns that the Federal Reserve will continue its steep interest rate hikes despite nascent signs of a slowdown in inflation. Several Fed policymakers have spoken of the need for continued rate hikes despite the lower-than-expected …

Wednesday’s FOMC Minutes will be crucial for near-term directions amid uncertainty over the policymakers’ bias after the latest inflation readings and the size of the next rate hike. To sum up; Wednesday is all about the July FOMC minutes and while the minutes are some weeks old, no one is …

Commodities traders are sitting on edge of their seats following the latest batch of Chinese economic data. Almost all commodity-related assets have been impacted. For example; oil prices plummeted by nearly 5% in early trading on Monday.In commodities, WTI drifts 3.5% lower to trade around $88, but at the time …

The US stocks ended higher on Monday, adding to recent robust gains, with megacap growth shares rising as US Treasury yields eased. Shares of Apple Inc and Microsoft Corp were among the biggest boosts to the S&P 500 and Nasdaq.According to preliminary data, the S&P 500 gained 15.94 points, or …

Gold Price breaches the critical 50 DMA at $1,782 despite falling yields. China data-led triggers risk-aversion, boosts the safe-haven US dollar. The Gold Index remains exposed to testing the bullish 21 DMA on a daily closing below 50 DMA.Gold Price is deep in the red during the US session, as …

August is historically the dullest month of the year for financial markets, but all five trading days (August 8-12) witnessed important market news and economic data that had a significant impact on almost all assets. The influence of the week’s economic data could continue into the future. The CPI report …

The dollar index on Friday rose by +0.58% and recovered mildly from Wednesday’s 5-week low. Still, the dollar closed -0.9% lower on the week. The dollar on Friday saw support from the stronger-than-expected US consumer sentiment report.On the surface, the University of Michigan’s latest survey of consumer sentiment was largely …

The dollar index on Friday rose by +0.58% and recovered mildly from Wednesday’s 5-week low. Still, the dollar closed -0.9% lower on the week. The dollar on Friday saw support from the stronger-than-expected US consumer sentiment report. However, there was carry-over bearish sentiment for the dollar based on the favorable …

US data revealed, Friday morning, lifted the USD/CAD above its 100-DMA when the University of Michigan showed that the US Consumer Sentiment improved from 52.5 as estimated to 55.1, reaching a three-month high. That is very good news for the Federal Reserve policymakers; however, US inflation expectations for a 5-year …

Richmond Fed President Thomas Barkin said on Friday that there is more to come to get rates into the restrictive territory and noted that he would like to see PCE inflation running at target for some time, as reported by Reuters.The dollar continues to outperform its rivals after these comments …