Share: Gold price trades sideways as uncertainty about the interest rate outlook persists. The Fed kept interest rates unchanged but left doors open for further policy tightening. Unlike other G7 economies, the US remains resilient on the grounds of a strong labor market and upbeat consumer spending. Gold price (XAU/USD) struggles to find
Bank of England Holds Interest Rates Steady at 5.25% The monetary policy committee narrowly decided to hold (5-4) Disinflation expected to continue but growth forecasts for H2 likely to be weaker BoE hints at a potential peak in interest rates as the bank stated it will be “sufficiently restrictive for sufficiently long” to get inflation
© Reuters. Investing.com– Most Asian currencies fell on Monday, while the dollar steadied near six-month highs as markets hunkered down before several key central bank rate decisions this week, most notably the Federal Reserve. Lingering concerns over China, particularly the country’s struggling property market, also kept broader sentiment subdued. Chinese police detained some employees of
Share: USD/INR is seen consolidating in a narrow band just above the 83.00 mark. The technical setup favours bulls and supports prospects for additional gains. Any meaningful corrective slide is likely to get bought into and remain limited. The USD/INR pair struggles to capitalize on its modest gains registered over the past two
Crude Oil, WTI, Brent, Iran, US Dollar, US CPI, EUR/USD, Euro, ECB, Gold – Talking Points Crude oil has held onto recent gains ahead of inventory data US CPI could tilt rate hikes expectations for the Fed next week The Euro has bounced off recent lows with the focus on the ECB this Thursday Recommended
Share: The US Dollar is set to book another week of gains. No focal data points on Friday, so expect tepid market movements. The US Dollar Index fails again to hold the 105.00 level, and could start to peak. The US Dollar (USD) has had a strong week after a series of US
Share: The Pound Sterling faces significant pressure as the BoE appears to be reluctant to raise interest rates further. BoE Swati Dhingra said that the current interest rate policy is sufficiently restrictive. The UK services sector shrinks after six months of expansion as consumer spending weakens. The Pound Sterling (GBP) cracked significantly amid
Crude Oil, WTI, Brent, Saudi Arabia Russia, OPEC+, EIA, API, OVX – Talking Points Crude oil leapt over hurdles overnight as production cuts are pushed further out Inventory data show US demand to be strong and solid ISM number supports a robust outlook If oil prices keep going up and the US economy is strong,
Share: Pound Sterling attempts recovery from below 1.2600 but still remains fragile as factory activities weaken further. UK factory activities dropped to 43.0, the lowest reading in the past 39 months. The BoE is expected to raise interest rates consecutive for the 15th time this month. The Pound Sterling (GBP) strives for a
© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar rose to a more than two-month peak on Friday, on course for its sixth straight week of gains, as investors sought its safety as they awaited a
