After seven consecutive increases in 2022, traders and investors expect the Fed to raise rates by 25 basis points on Wednesday, with increases of 50 basis points by the European Central Bank and the Bank of England on Thursday.If markets are expecting a 25 basis point hike and eventually a …
Read More »USD/CAD hits fresh daily highs ahead of key data
The US dollar is modestly up amid higher US yields ahead of Fed’s meeting his week and key economic data. Equities and crude oil prices are able to trim previous losses during the US session.The pair is trading at 1.3362 at the time of typing. So far, the USD/CAD pair …
Read More »What Is Wall Street Saying About Fed’s Latest Rate Hike
Investors are busy analyzing the potential levels of the Fed’s hawkishness. They are also digesting Wednesday’s speech by Fed Chair Jerome Powell. Fed officials projected that rates will rise at least another half a percentage point next year. That was enough to impact US stocks that became lower and at …
Read More »AUD/USD steadies around 0.6860 ahead of FOMC statement
Fed will announce interest rate decision tonight. The US dollar holds onto losses, US yields move modestly lower. The AUD/USD pair has retreated after approaching 0.6900.The AUD/USD is moving sideways around 0.6860, up for the day, ahead of the FOMC decision on interest rates. The pair is about to post …
Read More »Noor Capital | Interview with Muhammad Hashad on Dubai TV – 12/12/2022
In an interview on Dubai TV, Monday, Mohamed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on the most important developments in global financial markets on the first day of trading during this week, most notably the Federal Reserve’s …
Read More »WTI slides 4% below $74.00 on risk aversion
The widespread US recession-linked woes are playing into financial markets creating a risk-off mood. West Texas Intermediate crude is down over 4% on the day so far, falling back into the bearish trend once again and on the front side of what was momentary a counter-trendline. At the time of …
Read More »US Industrial Production Preview
US October Industrial Production will be reported on Wednesday, November 16 at 14:15 GMT and is expected at 0.2% month-on-month vs. 0.4% in September. Here you can find the expectations as forecast by the economists and researchers of three major banks regarding the upcoming data. Citibank “Industrial Production should rise …
Read More »Gold retreats from weekly highs on Fed’s rate decision
The Gold Index, XAU/USD hit a daily high at $1669 before erasing its gains later as traders are digesting the remarks by Fed Chair Jerome Powell and the Fed’s rate policy statement.If XAU/USD clears the $1617.30 support, a re-test of $1600 is potential. Gold price erased Tuesday’s gains following the …
Read More »Jerome Powell: If we overtighten, we have tools to support economic activity
FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3.75-4% following the November policy meeting.Key Quotes“If we overtighten then we have the ability with our tools to support economic activity.”“On the other …
Read More »EUR/GBP in range below 0.8625 ahead of the FOMC
The euro remains stalled below 0.8625 for the second consecutive day. The market is calm ahead of the FOMC. On Thursday, the BoE is expected to deliver a “dovish hike”.The euro has remained trading within a narrow range against the British pound for the second consecutive day. The pair has …
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