The EURUSD pair declined to the lower 1.0800s on Wednesday, after several European Central Bank speakers, including President Christine Lagarde and Bank of Ireland Governor and ECB governing council member Gabriel Makhlouf, cited
Further gains saw the USD Index (DXY) advance to three-week highs past the 104.00 hurdle on Tuesday despite the corrective decline in US yields. The Federal Reserve interest rate decision, along with
By Naeem Aslam This will be another pivotal week for investors and traders who have been trying to gauge the next move from the Federal Reserve in terms of its monetary policy.
Gold dipped 1.1% after the US inflation print came in higher than expected, with economists at TD Securities saying yellow metal may drift modestly lower toward the $2,025-2,100 range. The February CPI
Gold has gained close to 19% since a recent low in October and almost 7% over the past month alone, with strategists at UBS saying there is potential for a pullback in
The Euro-Dollar aims to shift the trading range above the crucial resistance of 1.0850, with the major currency pair strengthening as the US Dollar remains on the back foot and hopes of
The Federal Reserve is likely to delay cutting interest rates until later this year, as the Fed’s preferred inflation gauge showed prices rose faster last month, said the CEO of a leading
By Naeem Aslam Investors are taking a cautious approach when it comes to taking risks. This week’s economic data hasn’t been so supportive of their investment thesis, and hence they are
By Craig Erlam This is not the U.S. inflation report that the Federal Reserve wanted to see and markets responded accordingly late on Tuesday. Inflation in January was hotter than expected across
By Mark Haefele The Federal Open Market Committee (FOMC) voted unanimously to keep rates unchanged on Wednesday in a target range of 5.25% to 5.5%. The pause was widely expected and marked
