The US Dollar Roars Back as Safe-Haven Demand Soars The US Dollar (USD) roared back on Friday, advancing against most currencies as safe-haven demand soared amid growing recession fears. The risk-off tone was sparked by comments from US Treasury Secretary Janet Yellen, who said that a recession remains a risk as long as the Federal …
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Dollar Weakens as Powell’s Testimony Fails to Impress The dollar weakened on Thursday after Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress failed to provide any new insights into the central bank’s monetary policy plans. In his testimony, Powell reiterated that the Fed is committed to bringing inflation back to its 2% target. However, …
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Gold Falls to 3-Month Low as Central Banks Signal More Tightening Gold prices fell to a three-month low on Wednesday as investors sold the metal on expectations of more aggressive monetary tightening by central banks around the world. The Federal Reserve, the European Central Bank, and the Bank of England have all signaled that they …
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US Dollar on fire as Japan, China commit to further easing: The US Dollar is on fire today, as investors seek safety in the world’s reserve currency. The Japanese Yen and Chinese Yuan are both under pressure after their respective central banks announced plans to further ease monetary policy. The Bank of Japan (BoJ) said …
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The dollar steadies on strong housing data, Fed testimony in focus The dollar index held steady around 102.5 on Wednesday, supported by surprisingly strong US housing data. Investors are also awaiting comments from Federal Reserve Chair Jerome Powell’s testimony before Congress later in the day. Data showed that housing starts in the US surged 21.7% …
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Gold Price Forecast: A Strong Dollar and Fed Chair Powell’s Testimony Loom The gold price tumbled sharply on Tuesday as the US dollar strengthened and traders awaited the testimony of Federal Reserve Chair Jerome Powell to Congress. The dollar index, which measures the value of the dollar against a basket of other currencies, rose to …
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US Housing Starts Jump 21.7% in May, Building Permits Rise 5.2% The US housing market showed signs of life in May, with housing starts jumping 21.7% on a monthly basis. This was the largest monthly increase since March 2020, and it easily beat economists’ expectations for a decline of 0.8%. The surge in housing starts …
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The USD/CAD pair is consolidating above the 1.3200 level as investors await the release of key economic data from Canada and the US. The Canadian dollar is expected to receive support from the Retail Sales data, which is expected to show a modest increase in April. However, the oil price is capped above $72.00, which …
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Eurostoxx +0.4% Germany DAX +0.3% France CAC 40 +0.3% UK FTSE flat Spain IBEX flat This mirrors the positive state of mind in US prospects, with S&P 500 fates seen up 25 focuses, or 0.6%, on the day. After the previous late mishap in Money Road, it seems to be the alleviation rally is continuing …
On the off chance that there is one thing you can depend on, it is to be ready for a drawn-out day/night in the US. Surveyors haven’t had a decent history overall while calling the result however they are as yet the best aid you can go with in moving toward these things. Just a …