Posts Tagged ‘xauusd prediction today’

The most recent CPI and PPI data showed that the inflation slowed down in April, which helped the US Dollar come back with a buying momentum. Moreover, the FOMC chairman Jerome Powell said that the Fed is likely to extend the rate by 50 bps at each of the next two meetings but is ready…

The Fed has raised the interest rate by 50 bps and hinted at further hikes in the next couple of meetings. However, market participants were expecting further hawkishness from the Fed, which made the US Dollar temporarily weaker. However, the strong NFP and dovishness from other central banks showed a rebound in the market sentiment…

The US Federal Reserve bank will meet this week where market players are anticipating a 50 bps rate hike with a possibility of unveiling an in-depth balance sheet reduction. If the actual decision matches the expectation, it would be an aggressive bullish factor for the US Dollar. On the other hand, the EU policymakers showed…

The global financial market has experienced a highly volatile week where the US Dollar was the ultimate winner of the battle. Although several economic releases favored the Euro, it failed to hold the momentum below the 1.0800 level against the US Dollar. Moreover, GBPUSD and AUDUSD also joined the selling party with a possibility of…

The US Federal Reserve and European Central Bank unveiled the meeting minutes, where many ECB members showed the need for an immediate need for action to get rid of the high inflation. Moreover, as the bank showed a case of ending the bond-buying program, the possibility of raising the interest rate before the year-end. On…

In the Eurozone economy, the rising inflation continues to be a matter of tension. As per last week’s report, the German CPI reached 7.3% YoY in March, while the inflation is nearly at 10% in Spain. As a result, the European Central Bank members showed a sign of raising this interest rate this year, boosting…

US President Joe Biden met G-7 and NATO leaders in the Whitehouse and asked for support to exclude Russia from the G20. However, he mentioned that the sanction would not deter Russia, but it would lead to a path of ending the invasion. The current Ukraine-Russia crisis has weighed the global economy besides the skyrocketing…

The war-driven volatility and Fed rate hike were main price drivers that sent the US Dollar back and forth throughout the week. In the war, Russia is willing to find a peaceful solution if it stays with President Putin’s main strategy. On the other hand, Ukraine made it clear that they will not compromise by…

West nation leaders influenced Russian President Vladimir Putin to halt the war but to no avail. The Russian president declared that he aims to achieve what he wants, no matter how. However, he agreed to create a safe corridor for civilians but kept bombing Ukrainian cities. Due to the uncertainty, the commodity prices related to…

The current geopolitical uncertainty from the Ukraine- Russia war skyrocketed commodity prices, especially to energy-related instruments. Oil and gas reached the multi-year high while safe-haven Gold remained steady above the 1900.00 level. In the Russian domestic economy, the local share market remained off throughout the week while the Ruble plunged to a record low against…