US Dollar Index DXY jumps above 107.00 after a hotter-than-expected inflation component in GDP data. CME FedWatch Tool now shows a near 35% probability that rates will remain steady in June, with cuts still on the table. Focus will shift to labor market data from February to be released at the beginning of March. The … Read more
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack noted on Thursday that interest rates are likely on hold for the time being as inflation data starts to pose a growing problem for central policymakers. Key highlights Monetary policy has the luxury of being patient right now. I seek evidence that inflation is moving to … Read more
EUR/USD extends its decline, hitting its lowest level in two weeks. RSI continues to weaken in negative territory, reflecting intensifying bearish momentum. The EUR/USD pair suffered a sharp decline on Thursday, sinking to its lowest level in two weeks as sellers took control following yet another failure at the 100-day Simple Moving Average (SMA). This … Read more
The US Dollar books broad gains after the second reading of the US GDP release. Traders see the inflation component pick up and catch markets by surprise. The US Dollar Index (DXY) breaks above 107.00 and stretches higher. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major … Read more
Kansas City Federal Reserve President Jeff Schmid said on Thursday that recent surveys indicating a rise in consumer inflation expectations showed the central bank must stay focused on fully containing price pressures, noting it was a growing and potentially troubling concern for policymakers. Key Quotes He is more cautious about inflation given lack of progress, with … Read more
US President Trump made contradictive tariff comments during his first cabinet meeting. Bullion faces pressure from firm selling, profit-taking, squeezing out recent buyers in Gold. Although US yields drop off further, the precious metal has lost support for now. Gold’s price (XAU/USD) ekes out more losses and faces already more than 1% loss ahead of the American trading session on Thursday. … Read more