FOMC minutes revealed that its members expressed concerns that inflation may continue rising, though they are still expecting rate cut at some point this years. The minutes said “inflation was not fast enough on its way down” despite some recent decline. But the participants were keen on keeping the language …
Read More »FOMC Minutes: Evidence required that inflation is cooling toward target
According to latest FOMC meeting minutes, the US Federal Reserve wants greater assurance that inflation is heading towards its target of 2%. At their meeting in March, Federal Reserve officials voiced concern that inflation was not decreasing rapidly enough, but they still anticipated lowering interest rates later in the year. …
Read More »Market Driers; US Session, April 8
The US dollar was under pressure throughout the week’s bearish start, but the risk complex was able to gather itself and US rates moved marginally higher across the curve. Ahead of the crucial US CPI, FOMC Minutes, and ECB event, traders continued to evaluate the most recent payroll prints. Amidst …
Read More »Gold Prices Stabilize Ahead of Key US Inflation Data Release
Traders Exercise Caution Ahead of Crucial Economic Indicators Gold prices stabilized on Thursday as traders exercised caution, refraining from initiating new positions in anticipation of the release of significant inflation data in the United States later in the day. This data is expected to provide further insights into the Federal …
Read More »Gold Prices Stabilize Amid Yield Decline, Dollar Strength
Introduction: Gold Market Steadies Amidst Yield Retreat and Dollar Uptick Gold prices found stability on Wednesday as a retreat in yields on US Treasury bonds partially offset the impact of a stronger dollar. Traders remained vigilant for key inflation data releases and statements from US Central Bank officials, seeking clues …
Read More »US Dollar Weakens in European Markets Amidst Yield Slowdown and Awaited Economic Data
Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …
Read More »Gold Prices Rise Amidst Dollar Decline Ahead of US Inflation Report
Gold Prices Climb as Dollar Weakens Ahead of Key Economic Data Gold prices surged on Tuesday, propelled by a decline in the dollar, as investors awaited a significant inflation report from the United States. The week ahead is marked by a flurry of data releases and statements from Federal Reserve …
Read More »Gold price fluctuates amid rising US Treasury yields
Gold prices earlier on Monday fell to $2026.93 an ounce as a result of pressure from the recent increase in Treasury yields. With conflicting expectations for a possible quantitative easing in June, while market sentiment is still erratic. Gold’s price is restrained since the US 10-year Treasury yield is moving …
Read More »US Dollar Weakens in European Markets Amidst Yield Slowdown and Awaited Economic Data
Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …
Read More »Dollar Gains Momentum Ahead of Key Economic Data
Dollar Strengthens in Anticipation of Crucial Economic Indicators The dollar asserted its strength on Monday as market participants braced for a week replete with significant economic data releases. With a particular emphasis on inflation metrics, investors keenly await insights into global interest rate expectations, shaping currency market dynamics. Key Economic …
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