Gold Price Moved into a Short-Term Negative Zone Below $1,825
Gold price failed to clear the $1,850 resistance and corrected lower against the US Dollar. The price broke the $1,825 support level to move into a short-term negative zone. Besides, there was a break below the $1,800 level and the...
Dollar Skyrockets on Hawkish Fed, Sterling Trailing Behind
The FOMC meeting turned out to me more hawkish than expected and markets are now pricing in four to five hikes this year, instead of three. Dollar was given a strong boost and surged broadly to end as the strongest...
Weekly Economic & Financial Commentary: The Hawks in Full Control at the Fed
Summary United States: Moderating Growth and a More Aggressive Fed The economy had the wind at its back in 2021 with generous fiscal policy and an accommodative Fed. Inflation and supply chains were the key obstacles. In light of a...
The Weekly Bottom Line: Fed Sets the Stage for Rates to Liftoff Soon
U.S. Highlights The Fed left the policy rate unchanged at this week’s FOMC meeting but signaled that a rate hike was imminent come March. Uncertainty on the pace of hikes post March remains elevated, contributing to stock market volatility this...
Week Ahead: Central Banks, Geopolitics, Earnings and NFP
Last week, the FOMC met and Powell delivered a hawkish press conference which turned up the fire under already volatile markets. Not to be overlooked, the Bank of Canada set the table for a rate hike in March as well. ...
Week Ahead: 31 January 2022
Central Banks: RBA, BoE and ECB Earnings: GOOGL, AMZN and FB Data: Eurozone GDP and CPI, and US NFP Following the previous week’s big drop in US stock markets, we saw some very volatile price action as dip buyers initially...
Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983
A gauge the Federal Reserve prefers to measure inflation rose 4.9% from a year ago, the biggest gain going back to September 1983, the Commerce Department reported Friday. The core personal consumption expenditures price index excluding food and energy was...
Week Ahead – Three Central Banks Meet ahead of US Jobs Report
A busy week lies ahead. The Bank of England is widely expected to raise rates, the European Central Bank is unlikely to signal anything new, but the Reserve Bank of Australia could try to dampen rate hike bets. Over in...
Dollar Digests Gains after PCE Inflation Data, Aussie Broadly Lower
Dollar retreats mildly today after PCE inflation data posted no surprises. While there is some profit taking, the greenback remains the strongest one for the week by some distance. Selling focus has turned from Euro to commodity currencies today, as...
USDCAD Rockets Off 200-MA, Fuelling Upward Trajectory
USDCAD remains positively energized aiming for the Ichimoku cloud’s upper band around the 1.2813 high, after taking flight from the 200-day simple moving average (SMA) around the 1.2500 mark. The longer-term SMAs are suggesting an overall neutral trend in the...