Tag Archives: FED

The safest haven asset of all, gold, has remained steady during the beginning of the week, despite a stronger US dollar across major currencies. The Golf Index, however, has retreated from daily tops around $1,871 as geopolitical tensions appear to ease in the conflict between Russia and Ukraine. XAU/USD is …

The USD/JPY pair has rebounded from the 1.1500 level during the US trading session on Monday, having failed on multiple occasions since last Friday to break below the key level. The pair is now trading close to highs of the day in the 115.60s, up about 0.2% and is eyeing …

Federal Reserve officials are in no rush to raise interest rates prior to their scheduled policy meeting next month, nor is a half percentage-point move in March yet likely, despite a bigger-than-expected jump in consumer prices that stoked speculation about such options.Mere hours after yesterday’s CPI showed a bigger-than-expected inflation …

President Joe Biden is acknowledging historic inflation, but at the same time, Biden believes it is tapering off this year. President Joe Biden said Thursday he sees signs of relief on the horizon for US consumers, after a government report showed inflation staying at a 40-year high.“According to Nobel laureates, …

The US 10-year bond yield has hit 2%. It may well pause within the said territory in a narrow range around 2% for a while.But beyond this, some analysts and observers as well as investors expect an additional rise to the 2.25% area and view this scenario as more likely, …

Major pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared in January, higher than expected. The headline spurred a short-lived dollar’s rally, although the greenback quickly changed course and moved from daily highs to fresh weekly lows against most of …

The NZD/USD traders were taken on a ride of volatility on Thursday as the markets positioned for macro inflationary pressures which flows made their way through every facet of the forex space. The commodity complex was bid on the inflation hedge play which initially supported the kiwi after the knee-jerk …

Following higher than expected January’s US inflation data, the EUR/USD pair is rallying in the North American session. The EUR/USD is trading at 1.1476.Financial markets mood is mixed after the US Department of Labor revealed that the Consumer Price Index (CPI) rose to 7.5% y/y, a level last seen in …

US consumer prices have surged well above expectations, raising further concerns about price pressures and pushing investors in global financial markets toward expectations and bets that the Fed will raise interest rates in March to levels that exceed current expectations.The annual US Consumer Price Index (CPI) is 7.5% higher than …

Gold prices bounces sharply on a volatile session. Following CPI data, XAU/USD tumbled to $1821, hitting a two-day low. A few minutes later, it rebounded above $1830, approaching weekly highs. The rebound suggests some underlying strength, but it needs to break firm above $1835 to open the door to more …