Following the decision of the United States Federal Open Market Committee (FOMC) to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, presents his comments on the outlook for monetary policy. Featured statements: “The FOMC today reaffirmed its commitment to […]
Tag: Fed
EUR / USD returns above 1.1800 following Fed announcement
The EUR/USD it has risen more than 20 pips after the announcement of monetary policy by the Federal Reserve, which has not changed its rates. The pair has returned above 1.1800, advancing towards 1.1830. At time of writing, the euro is trading against the dollar above 1.1828, 0.96% above its opening price. The Federal Reserve’s […]
The Fed keeps its interest rates unchanged at 0.25%
The Monetary Policy Committee of the Federal Reserve has decided to keep interest rates unchanged in the range of 0 to 0.25% at their November meeting, as expected. The Fed has not changed its rates since it cut them by one point last March. . Credits: Forex Street Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, […]
Silver soars as the US dollar slides on Biden’s expectation of victory
Silver has recovered in anticipation of an electoral victory for Biden in the United States. DXY declines trading below the 93 level before the Federal Reserve’s interest rate decision. Precious metals rebounded as markets priced in a Joe Biden victory in what has been a razor-sharp American election. The US dollar fell from 93 to […]
Plummets to new multi-month lows around 103.60
USD / JPY witnessed some aggressive selling on Thursday and fell to its lowest level since March. A sustained break below 104.00 now supports the prospects for an extension of the slide. The attempted recovery move now could be seen as an opportunity to initiate new bearish positions. The pair USD/JPY It continued to lose […]
XAU / USD recovers to 3-week highs, looking for a move above the $ 1,930-32 offer zone
The strongly offered tone surrounding the USD helped gold gain strong traction on Thursday. Technical buying above the $ 1,920 resistance provided additional momentum to the precious metal. Investors look forward to the FOMC’s policy decision in search of significant business opportunities. The gold It continued to gain height during the early North American session […]
USD / CHF falls to lows of more than a week, around 0.9050 amid a notable offer of USD
USD / CHF saw some aggressive selling on Thursday amid widespread USD weakness. Technical selling below 0.9100 added to the intraday bearish pressure. The bullish market mood did little to support or stop the slide ahead of the FOMC. USD selling pressure accelerated during the mid-Europe session and dragged the pair down USD/CHF to almost […]
AUD / USD returns above 0.7200, approaching nearly four-week highs
AUD / USD gains traction for the fourth consecutive session on Thursday favored by a weaker USD. Biden’s victory in the US election is probably seen as a key factor weighing on the dollar. The bullish market mood further undermines the safe haven dollar and continues to support the Australian dollar. The prevailing selling bias […]
USD / CHF falls to one-week lows below 0.9100
USD / CHF remains under pressure during the first half of trading action on Thursday. Biden’s likely victory in the US election continues to put some pressure on the USD. The prevailing risk appetite sentiment could weigh on the safe haven CHF and help limit losses. The pair USD/CHF lost ground during the first half […]
Gold rises to new two-week highs near $ 1,920 level
The prevailing selling bias in the USD helps gold regain positive traction on Thursday. Optimistic market sentiment could limit the rise before the FOMC monetary policy update. The gold has moved higher during the European session on Thursday and has risen to fresh two-week highs, around the $ 1,919 region in the last hour. Following […]
