USD Index 4H Chart USD Index Daily Chart The US Jobless Claims declined slightly to 375K inline with the market estimates, while the PPI data showed an acceleration, including PPI and Core PPI on MoM and YoY basis, sending the US Dollar index…
Tag - federal reserve
4H Chart Daily Chart Gold began the week with what we call it “Flash Crash” with over $60 drop within minutes on bets the Federal Reserve may soon start paring back its massive monetary stimulus, especially after the US Jobs Report announcement on…
The Federal Reserve decided to keep the current policy unchanged as widely expected, with no additional information about the timing of the tapering. In fact, in this meeting, the Fed mentioned tapering twice only.
The Federal Reserve signaled that it’s not in a hurry to taper monetary stimulus, and the USD weakened. Now traders are awaiting the release of the US GDP at 15:30 GMT+3.
All eyes are headed towards the Federal Reserve's decision today, which is likely to have a notable impact on the markets, depending on what the Fed decides to say.
Weekly update for EUR/USD, USD/CAD, gold, and stocks
The USD and the JPY are rising as safe havens. Oil is moving down amid the OPEC+ uncertainty. Apple stock is near the record high and may advance more. Watch the video to learn more!
The US Dollar Index bounced back at the first trading day of the week after a long weekend.
Nikkei 225 has sharply dropped after the hawkish surprise from the Federal Reserve.
The Federal Reserve kept the current policy as widely expected. However, the surprise came from the Dot Plot.
The Fed made a hawkish surprise! The bank would start a discussion about scaling back bond purchases. Besides, it is likely to make two interest-rate increases by the end of 2023 (sooner than expected)!
The USD is going to be in the spotlight again this week as the Federal Reserve will hold a meeting on Wednesday, which could be a big mover! Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.