Tag Archives: FOMC

The price of gold rose to $1937.35—a two-week high—before falling to $1931.77—a decrease of 0.06%. In the meantime, the US 10-year Treasury note yield rises to a 16-year high of 4.367%, depressing gold prices.Investors watch the Federal Reserve’s “dot plots” and revised economic estimates closely for signs of a rate …

Gold prices rose to their highest level in two weeks on Tuesday, September 19, as the dollar fell from its highest level in 6 months before the start of the US Federal Reserve’s monetary policy meeting later today, and with markets awaiting a new set of economic forecasts from the …

Wall Street closed with little change on Monday as investors await the US Fed’s decision to leave key interest rates unchanged on Wednesday, as expected. The three major US stock indexes ended a choppy session with nominal gains, as investors showed little conviction heading into the Fed’s two-day monetary policy …

The Gold Index (XAU/USD), which is up by 0.40%, has soared to the $1,930s territories. In anticipation of this week’s central bank decisions, markets are still cautious. The metal’s potential is constrained by still-high US yields.On Monday, the current price of gold is remaining above the convergence of the 20 …

The US headline Consumer Price Index (CPI) rose by 3.7% yearly in August, exceeding expectations, and core CPI annual inflation came in at 4.3%, in line with forecasts. Bitcoin price hovers above $26,200, with most of the crypto market noting a minor decline. The larger-than-expected rebound in prices leaves room …

New Zealand will release data on electronic card retail sales during the Asian session, and Australian confidence polls are also due. The UK employment statistics and the German ZEW survey will be the important reports later in the day. After several days of advances, the US Dollar Index’s (DXY) winning …

The USD/CAD pair increases as rising US Treasury yields result from positive economic data in the United States. Although the Bank of Canada maintained interest rates steady, it cautions that further increases should not be ruled out. Despite the BoC’s aggressive stance, the US dollar dominates the foreign exchange market, …

The US Bureau of Labour Statistics (BLS) stated on Friday that nonfarm payrolls (NFP) increased by 187,000 in August. This result was higher than the market forecast of 170,000. On the negative side, the 187,000 increase in July was reduced down to 157,000. The unemployment rate rose to 3.8% in …

The US nonfarm jobs data for August is expected on Friday, with bond market investors seeking a reprieve from higher long-term rates. The August employment report showed the economy added fewer jobs than expected, but solid wage gains and a declining unemployment rate to 3.5% pointed to continued tightness in …

Following the FOMC minutes, the USD/JPY is getting close to being overbought. The USD/JPY pair is currently trading at 146.32, not far from 146.30. The pair has gained more than 0.5% so far today. The minutes of the July FOMC Meeting show that US monetary policymakers want to leave the …