Tag Archives: fomc minutes

On Wednesday, traders’ attention will be centered on US economic data, with bets on the direction of interest rates continuing, as earnings and updates are once again scarce.Fed is determined to monitor emerging economic data before indicating any changes to future monetary policy, so the Job Openings and Labour Turnover …

The US dollar is trading in the green territory against major G20 peers, with traders expecting a quick return to normal rate policy. The latest FOMC Minutes revealed that cuts are not in the plan for the upcoming meetings, which dampens market bets that cuts might be very close, even …

Gold prices fell on Wednesday to less than $2,000 as the dollar stabilized after its decline over the past few days, but expectations that the Federal Reserve had reached the end of the monetary tightening cycle limited the decline in gold prices. Gold fell in spot transactions by 0.1 percent …

Gold rose sharply despite steady yields and peaked at $2,007. It then pulled back toward the $2,000 area. The critical level to break is $2,010. The US dollar’s increase on Tuesday was seen as a corrective measure because the currency remains vulnerable until the market refocuses on the story of …

The Federal Open Market Committee members have agreed that monetary policy must remain restrictive until inflation is moving towards the 2% goal, according to minutes from their most recent meeting. The minutes also show that the committee members still worry that inflation could be stubborn or move higher, and that …

The DXY Index rose to 103.65, up by 0.20%. FOMC members considered that the progress on inflation is “limited”. The US yields are still down on the day, limiting the US Dollar’s advance.In Tuesday’s session, the US Dollar Index traded with 0.20% gains around the 103.65 area as investors seemed …

During the North American session, the GBP/USD pair has gained 0.26%, supported by hawkish remarks made by Bank of England officials and weak US economic data. The pair is trading at 1.2536 at the time of writing.The Federal Reserve’s most recent monetary policy meeting minutes, which are predicted to show …

On Tuesday, US stocks dipped and benchmark Treasury yields edged lower due to few market moving catalysts. All three major US stock indexes were lower, with the tech-laden Nasdaq down the most as investors await Nvidia Corp’s results after the closing bell. The S&P 500 and the Nasdaq appeared set …

Gold Index (XAU/USD) rose by 1.40% in Tuesday’s trading session, breaking through the $2,000 barrier and rising by 1.40%. This was primarily driven by the downdraft in US yields and a weak US dollar. The FOMC November minutes will be released later in the session, where investors will look for …

Profiting from the declining value of the US dollar, the EUR/USD pair keeps rising, currently trading at 1.0942. One major factor supporting the strength of the Euro and weakening the dollar is the decline in US Treasury bond yields.The likelihood of a rate cut by the Federal Reserve supports the …