In its semi-annual Monetary Policy Report, the US Federal Reserve said that the Gross Domestic Product (GDP) appears to be on track to rise moderately in the second quarter, as for the market’s reaction, the dollar preserves its strength ahead of the weekend and the US Dollar Index was last …
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Oil prices surge for a third straight session on Friday, with front-month WTI future last trading higher by close to $3.0 in the mid-$109.00s per barrel, more than $11 higher than mid-week lows in the $98.00s. The rally on Friday was partially spurred by a rebound in global equity markets …
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The EUR/USD pair remains pressured and aims at finishing the week on the wrong foot amidst a mixed market sentiment. The EUR/USD is trading at 1.0876 as traders prepare for the weekend.Geopolitics and hawkish Fed keep market sentiment mixed. Investors’ mood was mixed during the North American session. US equities …
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Gold traded in a limited range on Friday due to expectations of a large US interest rate hike, concern over rising inflation, and the economic fallout from the Ukraine crisis. And the price of gold settled in spot transactions at 1931.53 dollars an ounce by 0858 GMT, but it recorded …
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The gold price is stuck within familiar ranges, bouncing around between a daily resistance and support channel. However, like a coil, the build-up of energy and maintained force could be about to set off an almighty breakout, one way or the other. The Gold Index, XAU/USD, is trading at $1,934.09, …
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Gold has pulled back from earlier highs and is back in the $1920s territory as the US dollar/US yields rally. Fed Vice Chair Brainard was hawkish on balance sheet reduction, sparking the reversal lower.Markets focus now on Wednesday’s FOMC minutes release as gold bears eye a test of recent sub-$1900 …
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The USD/CAD pair is flat during the North American session after a volatile Monday’s session, which pushed the pair towards a weekly high at 1.2592, retreating afterward towards the 1.2510 area. At the time of writing, the USD/CAD is trading at 1.2514.The geopolitical situation in Ukraine progressed, lifting the market …
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The EUR/USD pair has been trading in a 50-60 pip range in the last three days. The US dollar stays firm amid a positive market moodThe shared currency seesaws on Thursday North American session, courtesy of a positive market mood, while broad US dollar strength across the board helps the …
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Gold is set to register its largest one-week loss since November. In case next week’s developments point to a further escalation of the conflict, gold should gather strength and start erasing this week’s losses. On the other hand, the precious metal could come under renewed selling pressure if markets remain …
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EUR/USD has been waning from earlier session highs in recent trade and is now back below the 1.1100 level. Since Wednesday’s Fed hawkish policy announcement, EUR/USD has gained about 1.0%, flummoxing some analysts.Markets seem to currently be being driven by “hopes” for a Russo-Ukraine peace deal, meaning geopolitics remains a …
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