Dollar reaches five week high with Fed meeting market expectation. Powell's comment after the monetary policy also favored the US dollar. Geopolitical tension and Rising cases of Omicron weighs on yen. The dollar traded high and reached near a five-week high on Thursday after the Federal Reserve chair Jerome Powell flagged interest rate hikes [...]
Fears of Fed rate hike underpins the precious metal's bullish move. Geopolitical tensions of Russia - Ukraine also extends support to the Bullion. Downbeat economic forecasts by the International Monetary Fund also favors the bullish move of XAU/USD. Gold is trading upside against the greenback during Wednesday ahead of Fed verdict. This move can [...]
Australia Q4 CPI, RBA Trimmed Mean CPI jumps past forecasts. Australian business confidence fell and is below the level during the Delta wave last year. Escalating geopolitical tensions weighs on market sentiment and makes traders stay away from riskier aussie. Australian dollar trades downside against the American dollar at Tuesday despite the inflation data [...]
Hawkish expectation from the Fed and the Policymakers comments favors the greenback. Russia - Ukraine geopolitical tension magnifies fears and exerts downward pressure on EUR/USD. ECB meeting fails to favor the Euro. Euro continued its downtrend of Friday trading session on Monday early Asian session. This move can be linked to the Traders being [...]
