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Tag: InterestRate

Gold Forecast: XAU/USD Remains Range Confined, Upside Limited

Gold Forecast: XAU/USD Remains Range Confined, Upside Limited Gold Forecast: XAU/USD Remains Range Confined, Upside Limited

Gold is struggling to gain any significant traction and is trading in a range on Monday. A modest pullback in the dollar from two-decade highs offers some support for the metal. Expectations of an aggressive tightening by the main central banks could continue to be limited. The Prayed it lacks a firm directional bias and […]

BoE to raise rates by 50 basis points at September meeting – Goldman Sachs

BoE to raise rates by 50 basis points at September meeting – Goldman Sachs BoE to raise rates by 50 basis points at September meeting – Goldman Sachs

The Goldman Sachs economists, in their latest note, maintain the opinion of a 50 basis point rate hike by the Bank of England (BoE) in its September monetary policy decisionwhile revising upwards their forecasts for a rise of 50 basis points in the coming months. Featured Statements “In the run-up to the September meeting, the […]

RBA to raise rates another half point in September, with slower pace of tightening ahead – Reuters poll

RBA to raise rates another half point in September, with slower pace of tightening ahead – Reuters poll RBA to raise rates another half point in September, with slower pace of tightening ahead – Reuters poll

The Australia’s central bank will raise the cash rate by 50 basis points on Tuesday to curb rising inflationbut will moderate the rate of increases in the remainder of the year, according to a Reuters survey of economists. The survey update also mentions that the Reserve Bank of Australia (RBA), one of the last to […]

EUR/USD: Euro Bulls Will Probably Have to Be Patient for Some Time – Commerzbank

EUR/USD: Euro Bulls Will Probably Have to Be Patient for Some Time – Commerzbank EUR/USD: Euro Bulls Will Probably Have to Be Patient for Some Time – Commerzbank

The likelihood has increased that the European Central Bank (ECB) will take action, rather than just talk, and raise its key rate by an impressive 75 basis points next week. Nevertheless, the market would probably sell the euro in a first reaction, according to Commerzbank economists. The ECB still has to convince in its comments […]

AUD/USD at weekly highs, pulls back below the 50 DMA

AUD/USD at weekly highs, pulls back below the 50 DMA AUD/USD at weekly highs, pulls back below the 50 DMA

AUD/USD hit a weekly high around 0.6956, but data and sentiment bolstered the USD. Rising US Treasury yields underpinned the dollar, creating a headwind for AUD/USD. US consumer confidence improves, while job openings rise. The AUD/USD faced strong resistance around the 20-day EMA at 0.6959 and dipped below 0.6900 amid a risk-off drive, with the […]

Fed: I would like our policy to become ‘marginally’ restrictive – Raphael Bostic

Fed: I would like our policy to become ‘marginally’ restrictive – Raphael Bostic Fed: I would like our policy to become ‘marginally’ restrictive – Raphael Bostic

In an interview with Bloomberg TV on the sidelines of the Jackson Hole Symposium, Atlanta Fed President, Raphael Bosticsaid he would like the entity’s policy to become “marginally” restrictive. Featured Statements The economy has been producing a lot of jobs each month, we want to see that start to slow down. Current inflation levels were […]

Gold Price Forecast: XAU/USD dips below $1,755 ahead of Powell’s Jackson Hole speech

Gold Price Forecast: XAU/USD dips below $1,755 ahead of Powell’s Jackson Hole speech Gold Price Forecast: XAU/USD dips below ,755 ahead of Powell’s Jackson Hole speech

Gold sees some selling on Friday and breaks a three-day gain streak after hitting one-week highs yesterday. Fed expectations help revive demand for dollars and put pressure on commodities. Investors will now look to the US PCE data for some momentum ahead of the Fed Chairman’s Jackson Hole appearance. Gold is under some selling pressure […]

USD/CAD hits multi-week highs around 1.3045

USD/CAD hits multi-week highs around 1.3045 USD/CAD hits multi-week highs around 1.3045

USD/CAD hits a fresh six-week high at 1.3048 on falling crude oil prices and a stronger US dollar. The Fed’s comments last week weighed on market sentiment, with traders bracing for Fed Chairman Jerome Powell’s speech. The money market futures odds of a 75 basis point rate hike by the Fed stand at 82.8%. The […]

AUD/USD pulls back from daily highs and falls towards the 0.6870 area

AUD/USD pulls back from daily highs and falls towards the 0.6870 area AUD/USD at weekly highs, pulls back below the 50 DMA

AUD/USD hit a daily low around 0.6929 but tumbled as sentiment turns sour. Global stocks fell as investors brace for Jerome Powell’s Fed speech on Friday. China’s PBoC interest rate cut lifted AUD/USD to just above the 0.6900 figure before falling towards daily lows. The AUD/USD trades back slightly in the American session, amid a […]

EUR/USD could drop below 0.98 by the end of the year – Commerzbank

EUR/USD could drop below 0.98 by the end of the year – Commerzbank EUR/USD could drop below 0.98 by the end of the year – Commerzbank

“Disconnection”. On the one hand, the market expects the Federal Reserve to lower its key rate significantly again in 2023, while the Fed itself assumes that it will have to keep its rates quite high for some time to successfully fight inflation. And she seems willing to do it too. The Commerzbank economists expect the […]