Inflation is still the one issue that irritates fiscal policymakers and the officials of the central banks across the Atlantic.On Thursday’s session, the U. S. dollar was the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals. On the other …
Read More »U. S. Dollar returns with retribution
On Thursday’s session, the U. S. dollar is the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals.On the other hand, safe-haven assets edged higher against the USD, although without breaking any critical level.The Bank of England had a monetary …
Read More »Powell and Lagarde to markets: Hold your rate horses
All expectations that tightening signals by BoC and RBA would push the world’s biggest monetary policy actors to accelerate their own timelines for rate hikes ran into a wall with the U. S. Federal Reserve and European Central Bank saying they would not hike interest rates so fast.Rate futures and …
Read More »Why could BoE consider an interest rate hike?
Inflation in the U. K. could become out of control, pushing workers to demand higher wages to protect their living standards. Any spiral of higher wages could, in turn, lead to higher inflation, which ignites concerns of all central banks.There exists also a growing sense among some policymakers that the …
Read More »USD and Gold Impacted by Taper Decision, Shares Only Gainers
The U. S. dollar closed Wednesday with modest losses against most of its major rival currencies, following the Federal Reserve Bank’s monetary policy announcement. Fed kept interest rates unchanged as expected, and announced the reduction of its asset purchases by $15 billion per month. The Fed will begin taper later …
Read More »Gold in negative territory after FOMC’s decision
Gold prices are holding steady but remain in negative territory as the Federal Reserve said it will taper monthly bond purchases.FOMC decided to begin tapering by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.Along with the tapering announcement, the Federal Reserve also kept interest rates unchanged …
Read More »Powell’s Key Comments on Inflation, Employment Figures
Following the Federal Open Market Committee’s (FOMC) decision to keep the policy rate unchanged and to taper the asset purchases program by $15 billion per month, FOMC Chairman Jerome Powell is delivering his comments on the policy outlook, and notably inflation and employment: Following is a compilation of Jerome Powell’s …
Read More »FOMC to announce start of QE withdrawal
Wednesday brings to the financial markets a highly important meeting. It is the awaited Fed meeting since May or June.When the Federal Reserve wraps up its meeting, the central bank is expected to announce that it will begin to wind down one of its biggest and most unprecedented market interventions …
Read More »Market Drivers – U. S. Session 29-10-2021
Fresh attacks and partisan row are ahead for U. S. economy as Republicans lawmakers and strategists are capitalizing on news that the economy expanded at a weak pace in Q3 to criticize Biden and Democrats, accusing them of unskilled recovery tactics from the pandemic recession. The U. S. Dollar Index …
Read More »Eurozone growth accelerates
Economic recovery in the Eurozone has stepped up according to new GDP data published today, with the bloc outshining the U. S. and China for the second successive quarter.Growth rose faster than expected to 2.2 per cent in the three months to September, following a rise of 2.1 per cent …
Read More »