Gold (XAU/USD) hit a 2 week low on Friday and on Monday trading the price stabilised however it was struggling to gain significant upward momentum. The precious metal was trading at levels around $1845 at the time of writing (12:00 pm). Read more.
Tags : fomc
The US Fed hiking cycle will have implication to the precious metal Gold, XAUUSD. Generally a reduction is stimulus and hiking of interest rates tend to put upward pressure on bond yields, currently the US10-yr Treasury is trading at 1.5550. Read more.
The dollar was pushing higher early today as markets anticipated the release of CPI (Consumer Price Index) figures for October. Read more.
The focus for today would be on CPI as well as FOMC meeting minutes that are set for release during the US session. Read more.
The bank is set to announce earnings for the previous quarter during the pre-market tomorrow (13 October), with the second quarterly report beating expectations for revenue and earnings. If the bank does exceed the consensus expectations, there may be a more significant upside. Read more.
Friday’s unemployment figures came out with mixed results as NFP missed expectations, however with Average Hourly earnings and the Unemployment Rate coming in significantly better than expected we saw parabolic movements in both directions. Read more.
The markets were positive yesterday for the first time in the last 2 weeks in the lead-up to tomorrows FOMC announcement, US indices recovered but still has a fair amount of ground to make up to get back to this month’s open. Read more.
Tapering has been on the tip of every investor’s tongue over the past couple of months following the Fed’s hawkish approach to announce a possible interest rate hike in 2023. Read more
THE rand oscillated during the European session as traders await to outcome of the Federal Open Market Committee (FOMC) meeting on Wednesday, although general risk aversion started to lift. Read more.
