Gold prices experienced a decline on Monday as the dollar strengthened, with investors eagerly anticipating the outcomes of forthcoming monetary policy meetings at major central banks, notably the US Federal Reserve. Investors Await Federal Reserve’s Monetary Policy Decision By 0259 GMT, spot gold prices retreated by 0.4 percent to $2,147.89 …
Read More »Weekly Recap: Surprising US Data Strengthens Case for Delaying Interest Rate Cuts
Last week, the market’s attention was squarely fixed on a slew of US economic indicators, aimed at deciphering clues regarding future interest rate trajectories and the Federal Reserve’s timeline for ending its monetary tightening stance and initiating quantitative easing. However, the latest US data, particularly the Consumer Price Index, US …
Read More »Why this week’s statements by Janet Yellen on inflation matter
This week’s statements by Treasury Secretary Janet Yellen hold immense importance due to their impact on the US economy, financial markets, and public perception. Let’s dissect the context and delve deeper into why her words matter:Headline Inflation TrendsIn February, headline inflation fell to 3.2 percent year-over-year, a substantial improvement from …
Read More »Stock Market Falls on Inflation Worries Ahead of Fed Meeting
The stock market closed lower on Friday, marking the second week of losses, in a row. This decline comes as investors remain concerned about inflation, with key data points earlier this week raising doubts about the Federal Reserve’s plans to loosen monetary policy. Market Recap • The S&P 500 dropped …
Read More »US dollar poised to close out winning week
Dollar Eyes Weekly Win on Mixed Data, FOMC Meeting Looms LargeThe US dollar looks set to end the week on a high note, holding onto a gain of 0.12%. This comes despite mixed economic data, with weak consumer sentiment countered by stronger industrial production figures. The dollar Index (DXY) was …
Read More »Gold encounters first weekly loss amid rate bets, geopolitical tensions
Gold prices experienced their first weekly decline in four weeks on Friday March 15. The Gold Index lost -0.21% to trade at $2157.14 per ounce, as at the time of writing.This shift comes after data revealed concerns on US inflation, causing investors to reconsider their expectations for a Federal Reserve …
Read More »Explainer: What can Yield curve reveal about looming FOMC decision?
With a shorter-term note (2-year) yielding higher than a longer-term note (10-year), the curve on Friday, March 8, might have been steeper than normal. This could indicate market expectations of Fed to refrain from interest rate cut in March in order to avoid falling in a recession. The Treasury yield …
Read More »Eyes on Fed minutes and PPI
European markets experienced a notable upswing yesterday, reaching their highest levels in over a week. This occurred as financial markets adopted a more measured approach toward recent geopolitical events. Additionally, investors were contemplating the possibility of a stimulus plan in China and a subtle shift in tone from Fed policymakers …
Read More »US Producer Price Index (PPI) Exceeds Expectations
The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States surged by 1.6% on a yearly basis in February. This figure surpassed market expectations of a 1.1% increase and marked a notable uptick from the 1% …
Read More »Nikkei Ends Higher on Thursday Amid Recovery in Chip Stocks, Energy Sector Boost
The Nikkei index in Japan closed higher on Thursday, rebounding from early losses as chip-related heavyweight stocks trimmed declines and energy stocks gained momentum. Market Performance The Nikkei closed up 0.29 percent at 38,807.38 points after enduring three consecutive sessions of losses. The index had initially fallen by as much …
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