Gold Slides on Fed Rate Hike, Strong GDP
Gold has posted sharp losses in the Thursday session, continuing the downward trend seen on Wednesday. In North American trade, the spot price for one ounce of gold is $1184.02, down 0.88% on the day. On the release front, Final...
Dollar Punches above 113 Yen, Japanese Inflation Report Next
USD/JPY has posted gains in the Thursday session, erasing the losses from Wednesday. In North American trade, the pair is trading at 113.39, up 0.58% on the day. In the U.S, Final GDP in Q2 matched the estimate, with a...
Fed Funds Rate Was Hiked By 25 Basis Points Bringing The Interest Rates To 2.0% – 2.25%
The markets were seen trading flat through the day in anticipation of the Federal Reserve announcement. As widely expected, the Fed funds rate was hiked by 25 basis points bringing the interest rates to 2.0% – 2.25%. The Fed, in...
Italy’s Deficit Projection Likely Below EU’s 3% Limit
Market movers today As the Brexit end-game has started, we have published an update this morning looking at the status of the negotiations, what the possible outcomes are, what the biggest obstacles are and what we expect of the economy...
Fed Raises Rates and No Longer Considers its Policy “Accommodative”
As expected, the Federal Open Market Committee (FOMC) raised its federal funds target rate range by 25 basis points to between 2 percent and 2 ¼ percent. The statement’s characterization of the economy was completely unchanged from their previous statement....
Japanese Yen Unchanged as Japanese Core CPI Within Expectations
USD/JPY is unchanged in the Wednesday session. In North American trade, the pair is trading at 112.98, up 0.01% on the day. In economic news, the BoJ Core CPI posted a gain of 0.5% for a second straight month, just...
Predictably Quiet Asia Session Ahead Of The FOMC
Its been one of those predictably quiet Asia sessions ahead of the FOMC but a few highlights none the less MSCI With Asia markets back in full swing today after the local holiday, finally some good news for China equities...
Currencies: Will Fed Convince USD Bulls?
Rates: Will the Fed’s 2021 dot signal the end of the cycle?The German 10-yr yield cleared the 0.5% mark. A sustained break in the weekly close opens a new trading band (0.5%-0.8%). US yields remain at/near cycle highs ahead of...
Fed Preview: Near-Term Path Set in Stone, All Eyes on 2019 and Beyond
It’s a testament to the success of the Federal Reserve’s post-crisis “Communication-as-a-Policy-Tool” philosophy that investors have “known” the outcome of this week’s Fed meeting (and likely the November and December Fed meetings as well) for weeks already. It’s essentially a...
British Pound Edges Higher Despite Sharp US Data
GBP/USD has posted gains in the Tuesday session, continuing the trend seen on Monday. In the North American session, the pair is trading at 1.3162, up 0.34% on the day. On the release front, British CBI Industrial Order Expectations came...
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