Gold price witness a firmer rebound after hitting a low of $1,815.00 in the late New York session as the Federal Reserve dictated a 75 basis point rate hike after its two-day policy discussion meeting. Fed chair Jerome Powell went beyond his words, took 75 bps into the consideration, and …
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At $1,850.06, the gold price is 0.45% higher and trading between a low of $1,837.06 and a high of $1,853.63 on the day so far. The markets are fairly volatile as traders weigh the indecisive outlook for global growth, the latest of which comes from the World Bank.”Global economic growth …
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The GBP/USD pair is rising on Thursday, making a full recovery from Wednesday’s slide even as the stock market remains in red territory and under pressure. The pair managed to rise more than 150 pips from the daily low and recently hit 1.2512, the highest level since May 5. The …
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The Bank of Canada lifted interest rates by 25bps to 0.50% as expected on Wednesday, adding that it expected it will need to raise interest rates further. The BoC said that it would continue with the reinvestment phase of its balance sheet, maintaining its overall holdings of Canadian government bonds …
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The Canadian dollar weakened against its US counterpart on Monday as the West imposed tougher sanctions against Russia over its Ukraine invasion and domestic data showed that the current account balance returned to a deficit in the fourth quarter.The safe-haven US dollar climbed and world stocks slid as new sanctions …
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Only one day away from an awaited second successive BoE rate hike, the British pound has been trading on the front foot. The GBP/USD pair has recently surpassed its 21DMA at 1.3557 before running into resistance ahead of the 1.3600 level.At current levels in the 1.3560 territory, the pair trades …
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US Treasury rates remain strikingly low, partly because of the safety government debt offers corporations and retirees. Markets have been in disturbance. The Federal Reserve is taking steps to cool off the economy, as questions loom about the course of the recovery. And news headlines are announcing that government bond …
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The Bank of Canada announced on Wednesday that it was holding its overnight interest rate at 0.25%, as the majority of market participants had been expecting. Note that a minority had expected a 25bps rate hike to 0.50%. The central bank also signaled that a rate hike would likely be …
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