The Federal Reserve Governor, Christopher Waller, made it clear that there is no immediate rush to begin cutting interest rates. He emphasized the need for further evidence that inflation is indeed cooling before he would support any rate cuts. According to Waller, the decision to start policy easing and the number of rate cuts will
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Recently, the Bank of Japan (BoJ) Governor Kazuo Ueda stated that Japan’s trend inflation is on the rise and emphasized the importance of making appropriate monetary policy decisions. Service prices are seeing a moderate increase, and there is an expectation for a positive cycle to strengthen, with a tight labor market leading to higher wages
Gold price has remained stable within the $2020-30 range after the US Federal Reserve (Fed) released January’s meeting minutes, indicating that the Fed is not in a rush to cut rates in the near future. Although this could be perceived as “hawkish,” US Treasury bond yields and the value of the Dollar showed minimal reaction
The recent bullish trend in the gold price (XAU/USD) has been largely attributed to comments from Federal Reserve (Fed) policymakers indicating that inflation is on a downward trajectory. Despite stubborn Consumer Price Index (CPI) and Producer Price Index (PPI) data for January, Fed policymakers remain confident that inflation is moving in the right direction. This
Gold has always held a significant role in history, being utilized as a medium of exchange and a store of value. Presently, in addition to its allure in jewelry, this precious metal is widely recognized as a safe-haven asset. This means that it is viewed as a favorable investment during periods of economic uncertainty. Furthermore,
Gold has long been valued for its historical significance as a store of value and medium of exchange. In addition to its aesthetic appeal in jewelry, it is now widely recognized as a safe-haven asset and an effective hedge against inflation and depreciating currencies. Central banks, recognizing its importance, have been actively diversifying their reserves
The price of gold (XAU/USD) continues to hover near a two-month low and struggles to surpass the psychological level of $2,000. The recent surge in the US Dollar (USD) due to delayed Federal Reserve rate cut speculations has put pressure on the non-yielding yellow metal. However, geopolitical tensions in the Middle East have helped limit
The US Dollar has shown strength in recent weeks as higher inflation numbers have sparked concerns that the Federal Reserve may refrain from reducing interest rates in the upcoming months. With US yields reaching multi-week highs, investors have turned towards the Greenback as a safe haven. There is now growing speculation that the Fed may
The Australian Dollar (AUD) has retreated after posting gains in the previous two sessions, despite the release of improved Australia Consumer Confidence data on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment index surged 6.2% to 86 in February from 81 in January, marking its highest reading in 20 months. However, the index remained below the neutral
Gold has always held a crucial role in human history, serving as a store of value and a medium of exchange. In today’s world, it is not only cherished for its shine and beauty in jewelry but also considered a safe-haven asset during times of uncertainty. The recent trends in gold prices in Pakistan depict
The AUD/USD pair remains on the defensive during the early Asian session on Monday. With the markets closed in China for the Lunar New Year holidays, trading volume is noticeably light. Traders are now turning their attention to the risk sentiment in the new week. Last week, several Federal Reserve (Fed) officials emphasized that further
Introduction The natural gas market has experienced a significant downturn recently, with prices hitting rock bottom at $1.85. Traders are exerting pressure on ending President Biden’s moratorium on gas exploration, causing prices to plummet even further. This article delves into the factors leading to the decline and the potential consequences of lifting the moratorium. Traders’