The Reserve Bank of Australia (RBA) board members decided to make no changes to the Official Cash Rate (OCR), leaving it at 4.10% at its August monetary policy meeting. developing story … In a knee-jerk reaction to the RBA decision, the AUD/USD pair dropped over 40 pips to test 0.6660. The pair is down 0.70% on the […]
Share: Interest rate expectations are likely to continue driving the Gold price, strategists at Commerzbank report. US economic data should be a key driver of the Gold price The US economy grew by 2.4% on an annualised basis in the second quarter, and thus more sharply than expected. This means there is still […]
Share: Palantir stock benefits from neutral Fed meeting. Fed Chair Powell says economy unlikely to crash this year. Meta Platforms has lifted other tech stocks with its earnings beat. NASDAQ 100 rises 1.2% in Thursday trading. Palantir (PLTR) stock is trading marginally higher during Thursday’s US session. The stock initially broke above the […]
Share: Federal Reserve is widely expected to raise its policy rate by 25 bps to 5.25-5.50%. Fed has been struggling to convince markets that they will raise rates at least twice more this year. US Dollar valuation could be significantly impacted by Chairman Powell’s comments. The Federal Reserve (Fed) is expected to raise […]
Share: Economists at Commerzbank analyze how Wednesday’s Fed meeting could impact Gold price. Fed meeting in focus How the Gold price develops in the coming weeks will be dictated to a considerable extent by the Fed’s further rate outlook following the expected rate hike. If the Fed remains vague as regards its strategy […]
Share: USD/ZAR continues to trade below 18. Economists at Commerzbank analyze Rand’s outlook ahead of the South African central bank (SARB) rate decision South African central bank’s rate decision likely to be narrow We expect a narrow rate decision today. The Rand is likely to ease if the SARB keeps its rate unchanged […]
Share: With inflation receding faster in the US than Europe, economists at UBS expect the Dollar to weaken. More investors to seek yield in Europe rather than the US One key consequence of the steady retreat in global inflation will be a weaker US Dollar as price pressures ease faster in the US […]
Share: Gold price touches a fresh one-month high on Friday, albeit lacks strong follow-through. The US Dollar selling bias remains unabated and continues to lend support to the metal. The overnight hawkish remarks by Fed’s Waller act as a headwind for the XAU/USD. Gold price trades with a positive bias for the fourth […]
Share: The Dow Jones Industrial Average gained 2% last week. DJIA index retreats 0.2% on Wednesday morning. FOMC minutes for June 13-14 meeting arrive Wednesday afternoon. 35,500 remains the primary Dow target for bulls. US June jobs report out on Friday with 225K the consensus. The Dow Jones Industrial Average (DJIA) edged down […]
