Jeames
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Gold price turns sideways as Fed Powell hawkish guidance limits upside
Gold price struggles for a direction as the Fed’s “higher for longer” interest-rates stance offsets safe-haven demand. Fed Powell supports keeping interest rates at high levels until there is confidence that inflation will ease to 2%. The US warns about sanctions on Iran in response to their attack
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EUR/USD: The pair in consolidation mode but the 1.0600 remains under challenge
The single European currency is currently defending the level of 1,06 but has not managed to move enough far away from it. The exchange rate remains for a third day in a row in a narrow range between the 1, 06 - 1,0650 levels as the US currency's strong momentum fueled by hot US inflation last week
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US Retail Sales in play ahead of inflation-dominated week
Energy declines bring FTSE 100 underperformance. Indices on the front foot despite Iranian attack on Israel. US Retail Sales in play ahead of inflation-dominated week. European markets have taken on a surprisingly upbeat tone in early trade, with Iran’s weekend attack on Israel serving to do little
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USD/CAD approaches 1.3750 as Fed to delay rate cuts
USD/CAD jumps to 1.3735 as the Canadian Dollar weakens on dismal market sentiment. Investors turn risk-averse as trades priced out Fed rate cut hopes for June. BoC Macklen sees expectations for the Fed pivoting to rate cuts in June as reasonable. The USD/CAD pair is advancing towards 1.3750 in Frida
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Fed’s Collins sees 'in the range of two' rate cuts for 2024
Boston Federal Reserve (Fed) President Susan Collins said on Friday, she sees 'in the range of two' rate cuts for 2024. Additional quotes Still expecting inflation pressures to wane later this year. Can’t pre-judge when the Fed can start cutting rates. Sees progress in bolstering bank discount windo
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Asia FX: Duelling currency wrecking balls
Although there's been an uptick in risk sentiment following softer producer pipeline inflation data, US yields continue to climb, maintaining the US dollar's dominance across G-10 currencies. This week's unexpectedly high CPI inflation figures have elevated yields, influencing FX market dynamics. Th
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