
The oil price looks optimistic. What are the reasons?
On Tuesday, gold stuck to the month’s maximum in European trade because market participants looked ahead to a Federal Reserve policy gathering for any clues on the timing of the next American rate lift as well as prompts on how the key US financial institution intends to pare back its balance sheet.
Gold futures got to $1,256.73 a troy ounce adding 0.2% in New York.
The Fed isn’t actually supposed to take action on its interest rates at the conclusion of the two-day policy gathering on Wednesday. So, rates won’t probably leave the range 1.0%-1.25%.
The key bank is going to issue its post-meeting statement as traders monitor any change in language that could hint more clearly at a rate lift in the months ahead.
Traders will also monitor how and when the Federal Reserve will start cutting its $4.5 trillion balance sheet.
The most popular precious commodity is extremely sensitive to fluctuations in American interest rates.
The oil price looks optimistic. What are the reasons?
Congratulations! Gold has just opened a new era... or, rather, reopened...
Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
PMI reports from the EU, the UK, and the USA will be released during the day!
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
Manager will call your number
Next callback request for this phone number
will be available in {time}
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.