Tag Archives: FED

Employment data released on Friday came in above expectations, but it was mostly ignored by most investors, traders and market participants amid the ongoing Ukraine’s war. War fogs continue as the key market driver.Analysts at Wells Fargo believe that so long as the Russia-Ukraine conflict does not significantly escalate, the …

Ukraine is a relatively small country wedged between Russia and Europe. It was part of the Soviet Union until 1991; it has been a less-than-perfect democracy with a fragile economy and foreign policy that wavers between pro-Russian and pro-European. In November 2013, President Viktor Yanukovych refused a deal for integration …

The US Bureau of Labor Statistics (BLS) will release the February jobs report on Friday, March 4 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 3 major banks regarding the upcoming employment data. Citibank “Following a …

Risk aversion has been leading most assets amid the war fogs and indecisive peace talks in Eastern Europe. Economic DataEarlier on Thursday, the headline ISM Services PMI reading slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the …

New York Federal Reserve John Williams says that the central bank has to be data-dependent and transparent about its thinking.Williams says officials have to be open to changing course when the data suggests that’s what is needed.Key QuotesSupply chain issues and labour shortages have lasted much longer than expectedThere is …

Gold price has surged in the late New York session. It trades now 0.6% higher and has reached a new high of USD 1,941.29. The US dollar has suffered a marginal blow late in the day without fundamental changes or news headlines.The DXY index slid from 97.953 and now sits …

US equities maintained mixed performance on Thursday and defined more by rotation from growth into value than risk-on or risk-off. The S&P 500 recovered most of an intra-day drop of nearly 1.0%, but remains capped under 4400. US equity market trade has been more defined by rotation from high multiple …

Federal Reserve Chairman Jerome Powell, in the second day of his semi-annual testimony before the US Congress, said that the rise in energy prices will work its way through to the US economy and there will subsequently be upwards pressure on inflation for a while. Key Quotes:“We could see people …

Gold prices firmed on Thursday as investors remained cautious about the conflict between Russia and Ukraine, which also boosted demand for the safe-haven precious metal, while supply fears pushed palladium to a seven-month high. Gold prices consolidated in spot transactions at $1926.10 an ounce. US gold futures rose 0.4 percent …

The most significant driver across financial markets on Wednesday was the testimony by Fed Chair Jerome Powell before Congress. Powell’s testimony will continue on Thursday with hints on determination to adopt QT and decide interest rate hilke in FOMC’s 16 March meeting. Economic DataPrivate employers hired more workers than expected …