Gold prices stabilized on Wednesday, December 15, after falling sharply in the previous session, as investors awaited the Federal Reserve’s decision to reduce the stimulus measures it took in the face of the Covid-19 pandemic. Traders are closely watching the Fed’s moves to see if it will speed up the …
Read More »Market Drivers – US Session – 14-12-2021
Traders, investors and economists are eying the upcoming signals by the US Federal Reserve Bank’s policy meeting that began on Tuesday. Anticipations have been dominating all over financial markets throughout Tuesday’s North American session, with the meeting ending on the second and final day, Wednesday.The meeting comes amid expectations that …
Read More »FOMC Expected To Accelerate Taper Amid Hot Inflation
The US Federal Reserve officials on Wednesday are expected to set plans to begin accelerating the withdrawal of the massive bond-buying program, enacted in early 2020 to help the economy and financial markets cushion the impact of the coronavirus pandemic, as they seek to remove the crutches from the US …
Read More »Gold Price Better But Eying Fed’s Decisions
Gold prices are under pressure on Tuesday following US data and the upcoming Federal Reserve’s decision. The yellow metal broke below the $1780 support and tumbled to $1766, reaching the lowest level since December 3.From the bottom, XAU/USD rebounded to as highs at $1777 and as of writing it is …
Read More »Fed’s Meeting Pulls Bitcoin Lower
The more speculative assets have dropped ahead a host central bank meetings, as markets began to consider a world of tighter monetary policy.Bitcoin was not an exception, falling below USD 47,000, more than 30% off its all-time high reached just last month. Bitcoin tumbled 3.77 per cent, while Ethereum was …
Read More »USD/CAD Extends Fifth Day Gains
The USD/CAD pair has advanced for the fifth successive day. The pair is trading now at 1.2831 during the New York session, as the Federal Reserve begins its last two-day monetary policy meeting of 2021. Financial markets mood is risk-off or perhaps cautious as investors await if the Fed would …
Read More »Market Drivers – US Session – 13-12-2021
The Senate will vote Tuesday on legislation lifting the government’s debt ceiling to stave off the risk of a default to avoid shutdown according to Majority Leader Chuck Schumer, without mentioning how much the increase will be.Senate passage, which requires only a simple majority, would send the debt limit measure …
Read More »Dubai TV Interview, Dec 13, 2021
Speaking to Dubai TV, Monday, Mohamed Hashad, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts highlighted major developments in the financial markets this week The US Federal ReserveAsked whether the US Federal Reserve Bank might decide six interest rate hikes …
Read More »Gold Price, USD 1810 Eyed
On Monday, the price of gold started off as investors are eyeing a breakout to test the familiar daily resistance near USD 1815. The yellow metal is higher by some 0.3% and has travelled between a low of USD 1781.89 and a high of USD 1791.65.The start of the week …
Read More »NY Fed Survey: 1Y inflation rose o 6.0% in November
According to the latest New York Fed survey, median one-year-ahead inflation expectations rose to 6.0% in November from 5.7% in October. Median three-year-ahead inflation expectations fell to 4.0% from 4.2%. Median uncertainty regarding future inflation outcomes rose at both the short and medium-term horizons, both teachings their highest levels since …
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