© Reuters. By Gina Lee Investing.com – The dollar was down on Tuesday morning in Asia, alongside the Japanese yen and the Australian dollar. The latest COVID-19 outbreak in China saw lockdowns in some cities, but the focus is firmly on the U.S. Federal Reserve’s March . The thatRead More →
GOLD, XAU/USD, US DOLLAR (DXY), FED, FOMC, YIELDS – Talking Points Gold has recovered this week as the US dollar softened on lower yields Rate hike expectations might be fully priced judging by recent Fed comments If the Fed is serious about fighting inflation, what’s in store for XAU/USD?Read More →
© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking By John McCrank and Saikat Chatterjee NEW YORK/LONDON (Reuters) – The dollar eased versus its main rivals on Monday, after posting its biggestRead More →
AUD/USD picks up bids to extend Friday’s upside momentum. NSW reports another blockbuster daily covid count, NZ reports softer infections. Australia Company Gross Operating Profits jump 7.1% in Q2. Risk catalysts remain as the key amid a light calendar ahead of US session. AUD/USD extends Friday’s run-up, the biggestRead More →
AUD/USD trims intraday losses, the second one in the weekly line. Australia Retail Sales drops more than initially expected in July. Market sentiment dwindles ahead of Fed Chair Powell’s Jackson Hole showdown. Aussie infections eased, technical advisory group recommends jabbing for 12 years and above. AUD/USD picks up bidsRead More →
US Monthly Retail Sales Overview Tuesday’s US economic docket highlights the release of monthly retail sales figures for July, scheduled later during the early North American session at 12:30 GMT. The report is expected to show that the US consumer has grown more cautious in response to the latestRead More →
Gold prices have recovered a significant portion of the daily drop. Traders will be watching US data and the FOMC Minutes for the week ahead. XAU/USD is trading at $1,779.16 and flat after Friday’s price action. Gold took advantage of a drop in the US dollar on Friday followingRead More →
© Reuters. The dollar rose in Asia on Friday morning, but remained near a one-month low. The U.S. Federal Reserve maintained its latest stance in its latest, and disappointing U.S. economic data also hampered the rally of the U.S. currency for a month. The setback against a basket ofRead More →
© Reuters. FILE PHOTO: A trader shows U.S. dollar notes at a currency exchange booth in Karachi, Pakistan December 3, 2018. REUTERS/Akhtar Soomro By Saqib Iqbal Ahmed and Sujata Rao NEW YORK (Reuters) – The dollar slipped to a one-month low on Thursday, a day after the U.S. FederalRead More →
© Reuters. FILE PHOTO: U.S. dollars are counted by a banker at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Ritvik Carvalho LONDON (Reuters) – The dollar dipped against a basket of major currencies on Monday, after hitting a speed bump when last week’s mixedRead More →
Key Talking Points: Gold acts as a hedge for central bank inaction XAU/USD nearing key area of support Gold (XAU/USD) has been unable to hold bullish momentum going into Tuesday’s session after recovering from the worst drop since August 2020 last week. The Fed’s acknowledgment regarding inflationary pressures hasRead More →
Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks out past $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,600 on Bitstamp. TheRead More →
U.S. stocks held minor gains Wednesday midmorning in muted trade ahead of the release of minutes from the Federal Reserve’s March policy meeting which may offer clues on the central bank’s strategy if the economic rebound from the coronavirus pandemic runs too hot. How are stock benchmarks trading? TheRead More →
Following the French government’s decision to sell 611 BTC in an auction this week, the United States government completed a Bitcoin auction recently. US General Services Administration, or GSA, auctioned off 0.7501 Bitcoin; the federal agency has made more than $53,000 from the sale. Interestingly, the aforementioned lot ofRead More →
© Reuters. By Peter Nurse Investing.com – The dollar maintained a strong tone in early European trading Wednesday, as traders looked forward to the conclusion of the two-day Federal Reserve meeting for guidance on future monetary policies. At 3:15 AM ET (0815 GMT), the , which tracks the greenbackRead More →
Canadian Dollar Fundamental Forecast: Neutral What are the top trading opportunities this year? The Canadian Dollar traded mixed against the US Dollar this past week, but its broader path of appreciation since late March 2020 remains intact. CAD received a boost after Bank of Canada’s Governor TiffRead More →
Gold Price Forecast: XAU/USD’s 4H chart signals caution amid stimulus hopes, ahead of Fed Gold (XAU/USD) settled last week with modest losses below $1940, as the bears dominated amid fading hopes for a US coronavirus relief aid. Further, investors remained optimistic about the US Food and Drug Administration’s (FDA)Read More →
The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed’s chairman, Jerome Powell. Powell claimed that he is not worried about other countries having a first-mover advantage when itRead More →
Gold futures climbed on Wednesday, with commodity investors positioning prices for a third straight rise ahead of a Federal Reserve statement that could prove mostly bullish for long-term metals investors. Investors expect the Fed to express continued support, even though the central bank won’t change interest rates from aRead More →
S&P 500 futures recorded a modest gain after a six-day winning streak, reaching as high as 3,498.12. Fed Chairman Powell’s AIT move was well appreciated and hopes for US stimulus added to the market’s optimism. Viral woes, a US-China tug-of-war and a light calendar could provide intermediate callbacks aheadRead More →
Reuters. By Peter Nurse Investing.com – Wednesday morning in Europe, the US dollar weakened, with the Federal Reserve minutes in focus, while stronger-than-expected inflation boosted the pound. At 2:50 a.m. ET (0650 GMT), the dollar index, which tracks the dollar against a basket of six other currencies, was downRead More →
Economists at Charles Schwab believe the dollar is in for a long decline for the following reasons: the Federal Reserve has shifted to a zero interest rate policy, U.S. economic growth will likely underperform other major economies due to the coronary virus, political uncertainty is rising, and the growingRead More →
© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trade Tuesday, bouncing off a two-year low, ahead of a Federal Reserve meeting and amid hopes for prompt delivery of the next U.S. fiscal rescue package. At 3:10 AM ET (0710 GMT), the Dollar Index,Read More →
The Federal Reserve on Thursday voted to require large banks to preserve capital by suspending share repurchases and cap dividend payments in the third quarter. In a 4-to-1 vote, the Fed will tie the distribution of dividends to a formula based on recent income. The formula sets third-quarter dividends atRead More →
© Reuters. Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the NYSE in New York By Medha Singh and Devik Jain (Reuters) – Wall Street’s main indexes were set open lowerRead More →
