Tag Archives: FED

Gold CFDs are -0.40% down, trading at $2323.40 and spot gold is -0.45% down, trading at $2323.97 at the time of writing. As traders await additional information and news before taking positions, the gold market is experiencing a muted sentiment. Further hints regarding the direction of US interest rates—which are …

The dollar’s relentless ascent against the yen faced a speed bump on Tuesday, as traders cautiously avoided breaching the 160 yen threshold due to growing concerns about potential intervention by Japanese authorities. Meanwhile, Bitcoin, the leading cryptocurrency, experienced a partial rebound after suffering its worst single-day loss in over two …

Gold prices retreated in Asian trade on Tuesday, remaining within a narrow band around the low $2,300s as a resilient dollar and anticipation of key U.S. inflation data dampened investor appetite for the precious metal. Despite a slight overnight dip in the dollar, the greenback held its ground, buoyed by …

According to Fed official Mary Daly, higher interest rates are still required to reduce inflation and demand in the US economy. Though it’s unclear which scenario is more plausible, Daly thinks the Fed is prepared to act in response to both a deteriorating labour market and inflation staying above its …

Gold is benefiting from a weaker US Dollar, edging up by 0.45% amidst firm US Treasury bond yields. Investors are closely watching the upcoming PCE The Federal Reserve’s favoured inflation indicator, the PCE Price Index, is expected soon, and investors are eagerly monitoring it since it may affect expectations for …

Interviewed by Dubai TV, Muhammad Hashad; Head of the Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented and analyzed the performance of some key assets in the financial markets, especially the noticeable rally in the US dollar, and whether it was …

The US dollar gained ground last week but stumbled at the start of this one. The Federal Reserve is urging caution on loosening its grip on interest rates too soon.Mixed economic data, like spending figures and revised GDP numbers, are on investors’ radar. On Monday, the US dollar, according to …

European Central Bank Executive Board member Isabel Schnabel downplayed the likelihood that interest rates in the euro zone will take a significantly different path from those in the US. “So far this hasn’t really played out that much,” Schnabel told a panel discussion Monday in Berlin. “The macro economy is …

Bitcoin’s downward spiral continues, plummeting to the $62,300 range as the new week begins. This latest sell-off is attributed to the financial strain on Bitcoin miners, who have offloaded over $2 billion worth of Bitcoin this month to offset dwindling revenues. The root of the miners’ woes lies in the …

The Japanese yen continued to struggle against a resilient US dollar, flirting with the psychologically significant 160 level. This renewed weakness has prompted warnings from Japanese authorities, raising concerns about potential intervention to prop up the currency. The yen’s decline has been fueled by the Bank of Japan’s decision to …