ONLINE FOREX BROKER
On Wednesday, gold was nearly intact in Asia due to the fact that traders waited for the minutes of the US major bank’s January meeting.
As a matter of fact, on the Comex exchange gold futures concluded the trading session at $1,345.55 per ounce.
Precious metals investors are currently waiting for new clues on the future path of the American monetary policy after last month the major US bank indicated that it could hold off lifting interest rates and cease the unwind of its balance sheet sooner than anticipated.
As market experts at Investing.com pointed out the US major financial institution excluded any rate lifts in 2019. Currently it’s believed in the market that the key US bank isn’t going to have its balance sheet shrunk more than it has. Moreover, it intends to keep it at quite elevated levels.
What’s more the Federal Reserve might even keep quantitative easing or, to put that another way, buying bonds with funds created out of thin air as a fresh means for monetary policy rather than an emergency measure.
The yellow metal managed to gain some support right after Cleveland Fed President Loretta Mester, who has a reputation of one of the fiercest hawks of the Federal Reserve told that she would underpin decelerating the balance sheet normalization process.
The dovish shift in stance pursued by the American key financial institution actually suggests a longer pause in rate lifts that in turn reduces the opportunity cost of keeping the non-interest bearing yellow metal.
China-US trade negotiations keep gaining attention against the backdrop of expectations that the world's two leading economics would be able to make an agreement to tackle their everlasting tariff clash.
For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on November 5, 14:30 GMT+2.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on October 8, 15:30 GMT+3.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
