The precious metal fell against the greenback in the end day of the week. The downtrend for the precious metal was triggered by the underlying bullish sentiment surrounding the US dollar, which tends to undermine the dollar-denominated commodity. The Fed declared that it was in no hurry to raise interest rates at least through 2023. [...]
Aussie seems to be boosted with the positive employment data and further Fed dovish announcement also acts as positive catalyst for AUD/USD. Australia’s Employment change showed a positive data while crossing 30K forecast and 29.1K prior with 88.7K whereas the Unemployment Rate dropped below 6.3% market consensus and 6.4% previous readouts to 5.8%. It should, [...]
Goldman Sachs says in a latest preview for Wednesday’s key Federal Open Market Committee (FOMC) meeting, “The Fed needs to see substantial further progress on employment and inflation to conclude that tapering is appropriate, which is unlikely to happen until the second half of 2021.” This report also says that the US central bank may [...]
The Japanese government is about to decide on Thursday on whether to lift the coronavirus pandemic-induced state of emergency, as the emergency in Tokyo and surrounding regions is set to end on March 21, a news was reported. This came after Tokyo reported 175 new COVID-19 cases Monday, which fell below 200 for the first [...]
