Tag Archives: powell

The US dollar gained 0.73% to 136.87 against the Japanese yen, the strongest since July 27. Sterling tumbled 1.03% to $1.1813 and had its biggest weekly drop against the dollar since September 2020.The US central bank needs to keep raising borrowing costs in order to tame high inflation, as clearly …

The fears of the US economic slowdown as portrayed by the US Treasury yield curve appeared to have recently creeped among the optimists. US government bond market is sending a fresh batch of signals that investors are increasingly convinced the Fed’s aggressive actions to tame inflation could result in recession. …

FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“No one can be sure on whether we can achieve a soft landing”.“Balance sheet reduction is working fine, markets have accepted …

US Treasury yields tumbled on Tuesday on what is widely seen as a recession alert and a key part of the yield curve inverted for the first time in three weeks as concerns about economic growth injured risk appetite, bringing about increased demand for the safe haven US debt.Fears of …

Financial Markets’ Weekly Recap, June 27 – July 1 Last week, financial markets sent several warnings that global economic growth slowdown is looming and recession has become most probable, however there is no general agreement among market participants on ‘when’ entering into recession could take place.  Gold As trading kicks …

It is not yet obvious whether the US economy could return to its pre-pandemic status according to Fed Chair Jerome Powell who spoke on Wednesday before central banker forum in Portugal.Powell also said he was more concerned about the risk of failing to stamp out high inflation than about the …

Wall Street trading got off to a mixed start on Wednesday as market participants digest remarks and comments by Fed Chair Jerome Powell at the European Central Bank forum.As of 1530 BST, the Dow Jones Industrial Average was up 0.42% at 31,077.05, while the S&P 500 traded 0.07% firmer at …

The Gold Index prolonged its losses for the second successive day. Gold is struggling to stay above the $1820 mark amidst the prevalent positive market sentiment that witnessed a jump in riskier assets, weighing on safe-haven assets, particularly in the precious metal segment.Gold trades at $1820.72, recording minimal losses of …

Noor Capital | Dubai TV Mohammed Hashad’s Interview, 20 June 2022 Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Society of Technical Analysts, shed light and commented on the developments in financial markets and developments in the situation around …

The EUR/USD pair surged further during the US session and climbed to 1.0614, reaching the highest level in two weeks. The euro pulled back under 1.0600. It is holding onto daily gains, still unable to consolidate above 1.0600.Risk sentiment improvement weakened the US dollar. The Dollar Index is falling 0.25% …