XAU/USD Current price: $3,396.35Tensions between US President Trump and the Federal Reserve weigh on markets.The United States will release relevant macroeconomic data ahead of the weekend.XAU/USD aims to recover past $3,400 and could soon retest … [Continue reading]
Fed’s Williams: Economy is going through an adjustment process
In an interview with CNBC on Wednesday, Federal Reserve Bank of New York President John Williams said that he expects the Gross Domestic Product growth will continue to slow, per Reuters.Key takeaways"Economy is going through an adjustment … [Continue reading]
Silver Price Forecast: XAG/USD retreats below $38.50 amid a firmer Dollar
Silver drifts lower from highs above $39.00 amid US Dollar strength.Concerns about France's government collapse are offsetting investors' doubts about the Fed's independence.XAG/USD bears are testing support at $38.35.Silver’s (XAG/USD) accelerates … [Continue reading]
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP mild recovery sparks optimism
Bitcoin stabilizes around $111,300 on Wednesday, having recovered slightly the previous day.Ethereum price trades above its daily level at $4,488, eyeing a potential rally toward record highs.Ripple’s XRP finds support at $2.78 and rebounds, … [Continue reading]
USD/CAD weakens below 1.3850 amid renewed concerns over Fed’s independence
USD/CAD softens to around 1.3835 in Wednesday’s early Asian session.Trump said he’ll have a Fed majority soon to push rates lower.Traders raise their bets that the BoC would deliver a rate reduction at the next policy decision. The USD/CAD … [Continue reading]
Dow Jones Industrial Average slows down on Tuesday
The Dow Jones stuck close to the middle on Tuesday, holding above 45,000.US Durable Goods Orders hit markets without so much as a splash.The latest round of key US inflation data looms large later this week.The Dow Jones Industrial Average (DJIA) … [Continue reading]
BoE’s Mann: A more persistent hold on the bank rate is appropriate right now
Catherine Mann, a member of the Bank of England’s Monetary Policy Committee (MPC), said on Tuesday that the bank rate should be held persistently to lean against inflation risks. She added that she was ready to cut rates more forcefully if downside … [Continue reading]
Pound Sterling edges higher against US Dollar as Trump removes Fed’s Cook
The Pound Sterling ticks up to near 1.3460 against the US Dollar as US President Trump fires Fed Governor Cook.The removal of Fed’s Cook has dampened the central bank’s independence.Investors await BoE Mann’s speech for fresh cues on the monetary … [Continue reading]
USD/INR jumps to two-week high as US confirms Russian-linked tariffs on India
The Indian Rupee slides to an over two-week low of around 87.90 against the US Dollar.Indian exports to the US are set to face 50% tariffs from Wednesday.The removal of Fed’s Cook by US President Trump has dampened its independence.The Indian Rupee … [Continue reading]
US President Donald Trump says he is removing Fed Governor Cook — Reuters
US President Donald Trump said that he was removing Federal Reserve (Fed) Governor Lisa Cook from her position on the Fed's board of directors, Reuters reported on Tuesday. Trump announced in a letter to Cook that he posted on social … [Continue reading]