USD strengthened by Treasury bond yields
USD strengthened due to the increase in Treasury bond yields driven by strong economic data from the United States
June 30, 2023
Analysis
Does Powell motivate US dollar buyers?
Could Powell be a buyer Despite the Fed’s updated dot plot last week suggesting two more rate hikes may be in the works, market participants are finding it hard to believe. Federal Reserve Chairman Powell did not convince the market when he held a press conference after the decision. However, he will be given another chance to get his message across this week when he testifies before Congress on Wednesday and Thursday at 5:30 p.m. Tehran time. Will he wake up the US dollar?
June 22, 2023
Federal Reserve splits highlighted by May FOMC minutes
The minutes to the 3 May FOMC meeting when it hiked rates by 25bp echo the comments we have been hearing from officials. “Some” members clearly think there is more work to do to constrain inflation, but “several” think they may have already done enough. The market pricing of a 30% chance of a June hike seems fair, but volatility looks set to continue
May 30, 2023
Weekly gold Analysis
Gold has been unappealing to buyers for three weeks. Strong economic data and high inflation led to a drop in gold prices. For the third consecutive week, the price per ounce of gold fell, leading to renewed discussions of a June rate hike. This shift in interest rate projections is the primary explanation for the decrease in gold’s value.
May 28, 2023
Will USDJPY’s bullish rally end?
The Japanese yen is in a tight buyer position, which could be the end of a 1-week rally for the US dollar. During this time, the yen fell and the day hit a six-month low.
May 22, 2023
Weekly gold Analysis
Although the ounce of gold had a rough week, falling almost $50 and experiencing its worst performance since February, we saw a bullish return to the market on Friday.
May 21, 2023
Core CPI at 0.4% or lower changes the stocks, and gold to Green
US CPI Preview: Core CPI at 0.4% or lower monthly component gives stocks, and gold the chance to advance and the greenback.
May 10, 2023
Investors will wait for the Federal Reserve’s decision amid fears of a banking crisis.
Uncertainties increase the attractiveness of gold due to diminishing returns. Today’s gold movements are in stabilization mode. This is due to falling interest rates (due to US banking problems).
Today, the Federal Reserve will raise interest rates by 25 percent.
May 3, 2023
The Bank of Japan has decided to leave its policies unchanged
The probability of yen weakness is higher than its strength.
The first decision of the new Bank of Japan Governor Kazuo Ueda was carefully followed by traders. It will be no different from the recent decisions of the previous BOJ chief Haruhiko.
April 25, 2023
Weekly gold Analysis
Volatility in the bond market and uncertainty about interest rate cuts are pushing the dollar higher, dimming the appeal of gold (XAU).
Last week, the recovery of the US dollar affected the price of gold (XAU) and put pressure on gold. Because market participants assessed the possibility of the Federal Reserve raising interest rates in May. However, there are still many buyers and markets for gold, who see the fear of stagnation more strongly.
April 23, 2023
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