Tag Archives: FED

The US Dollar pops up on the back of Fed rate pause. Traders see the Greenback fade to flat as dust settles over the Fed meeting. The US Dollar Index has 104 in reach if it is able to advance this Thursday. The dollar is falling back to being nearly …

In the intricate dance of financial markets, gold prices demonstrated resilience on Thursday, holding steady despite the strength of the US dollar. The Federal Reserve’s resistance to the notion of lowering interest rates in March initially bolstered the dollar, yet gold maintained its ground as investors continued to harbor hopes …

Analyzing Dollar Strength, Yen Resilience, and Sterling Stability In the complex arena of global currency markets, the US dollar maintained its position near a seven-week high against the euro on Thursday, following statements from Federal Reserve Chairman Jerome Powell. Powell’s dismissal of the possibility of an interest rate cut in …

On Thursday, gold continued its upward trajectory for the fourth consecutive day as investors maintained optimism regarding potential interest rate cuts by the Federal Reserve. Despite the central bank ruling out rate cuts in March, market participants still anticipate significant reductions later in the year. In spot transactions, gold recorded …

Fed Chair Jerome Powell has signaled potential rate cuts based on economic progress, stating that there is no rush to change existing monetary policy. The Gold Index has reacted to Powell’s rejection of bets on a March rate cut and emphasis on a cautious approach to managing inflation. Gold prices …

At the end of its first meeting in 2024, the Federal Open Market Committee chose to keep interest rates unchanged, as was broadly expected.Investors and market watchers are now focusing on Fed Chair Jerome Powell’s speech and signals about the future path of US monetary policy. Powell will speak at …

Ahead of the Fed meeting, the US dollar experienced a fall following a false positive surge higher. Traders were taken aback by the negative ADP figure. The US Dollar Index is still trapped in its trend, circling the 200-day SMA. At 103.102, the DXY chart shows a loss of -0.031%.The …

Gold is trading at $2052.99 per ounce at the time of writing. The price of the precious metal surges by 0.77% ahead of the Federal Reserve’s monetary policy announcement, with the focus mainly on the bank’s future interest rate guidance. Expectations for early rate cuts by the Fed increased as …

The Bank of England (BoE) is expected to acknowledge rapid progress in reducing inflation during its first meeting of 2024. Despite analysts anticipating a hold on interest rates at 5.25%, the central bank’s policy announcement on Thursday will be accompanied by new forecasts, reflecting the projected decline in UK inflation …

In early European trading on Wednesday, the US dollar maintained its strength, poised for the most significant monthly gain since September. Meanwhile, the euro faced headwinds following weak inflation data, contributing to the dollar’s appeal. Geopolitical tensions in the Middle East and economic data played crucial roles in shaping currency …