Tag Archives: FED

Gold’s upside momentum has waned in recent trade, with prices trading near $1842 after bursting above resistance in the low $1830s and then subsequently $1840 for the first time in over two months. The speed of spot gold’s latest advances, especially between the $1830 to $1840 area, is suggestive of …

The GBP/USD pair is trading at 1.3627 and higher by 0.24% after rising from a low of 1.3585 to a high of 1.3648. Besides domestic drivers, the sterling has benefitted from a pullback in US yields and the US dollar. US Treasury yields are retreating from near two-year highs on …

Gold prices rose on Wednesday, but moves were limited as markets looked ahead to the upcoming Federal Reserve meeting as it is widely expected to raise interest rates in an attempt to contain rising inflation. Gold in spot transactions rose 0.2 percent to $ 1817.90 an ounce by 1217 GMT, …

The Federal Open Market Committee meets for the first time in 2022 on 25-26 January. FOMC meeting comes at a critical time as far as US inflation is concerned.With headline consumer price index reaching 7% year-over-year; reflecting increases in a wide range of major categories, and unemployment moving below 4%, …

US Treasury yields jumped overnight with the interest-rate sensitive 2-year printing a fresh 23-month high of 1.05%, while the benchmark 10-yearhit 1.83%, a level last seen in January 2020. Market expectations that the Federal Reserve will hike rates four times this year, by 25bps each time, and that the central …

Wall Street is off to another day in the red territory at the start of the shortened trading week as investors are grappling with earnings seasons and rising Treasury bond yields.All three major indexes opened lower, with the Dow down 400 points, or 1.1%. The broader S&P 500 dropped 1%, …

Gold prices fell marginally during trading today, Tuesday, amid the rise in the yield on US 10-year Treasury bonds to the highest level in two years, and with the follow-up to developments in monetary policy. Investors’ eyes are still heading towards the Federal Reserve’s monetary policy meeting, scheduled for the …

Director of Research and Development at Noor Capital and member of the US Association of Professional Technical Analysts, Mohamed Hashad, was interviewed Monday morning by Dubai Channel to comment on the most outstanding developments in the financial markets during the second week of 2022, as oil continued to reap gains …

The FOMC’s first meeting of the year is likely be a quieter affair than its December meeting, when the Committee accelerated its taper plans and outlined a more aggressive policy path for 2022. According to Wells Fargo, “there will not be a fresh Summary of Economic Projections, and we expect …

Sometimes, rumours take part in shaping the market’s overall mood even partially, though such rumours have no relation to reality. Something of this kind seems to have happened last week. The EUR/USD pair has been in a sideways trend since November, fluctuating in the range of 1.1220 – 1.1385.   …