Posts Tagged ‘xauusd prediction today’

The rate hike party is on and joined by the Bank of England and Swiss National Bank (SNB). However, the US Dollar was the ultimate gainer throughout the week, except for the JPY. Treasury yields from the US and Japan extended gains this week, but the upside pressure has become challenging. Finally, the Japanese Government…

It was hard for investors to believe Fed Chair Powell’s decision to step back from the tightening policy would be eliminated by the inflation report. The Core CPI for the US jumped by 0.6% in August, triggering speculation of a 1% rate hike in this week’s FOMC. In the Eurozone, the energy crisis remained at…

It’s been delayed to show a reaction, but the basket of currencies started recovering against the US Dollar on Friday. The 75 basis point rate hike from the European Central Bank did not do much for the day. However, fighting back against the US Dollar and inviting other currencies provided hope to investors suffering from…

It is highly anticipated that the European Central bank will raise the interest rate by 50 bps this week, taking the rate to the positive zone for the first time since 2014. The rate hike sentiment came from the 50 bps hike in July, which unveiled ECB’s new Transmission Protection Instrument (TPI) or anti-fragmentation tool.…

The second estimate of the Q2 real GDP for the US economy showed a 0.6% decline quarterly, up from the 0.7% drop in the first report. New home sales were down by 12.6% in July, following the existing downside pressure on housing activities. Durable goods remained flat in July while personal income and spending improved. …

The Federal Reserve will head towards the Jackson Hole summit on Thursday when several discussions regarding the US economy will happen. This event is a significant policy shift for the Fed as an unofficial policy meeting. Although the US interest rate is rising at the speed of light, no sufficient effect on the economy is…

The US inflation brought a positive surprise to the US economy, not only to the lower gasoline price. The core inflation also moved down below the expectation of a 0.3% increase. As a result, the picture indicates that pressures on higher inflation are easing while commodity costs are down, leading to a lower freight cost. …

The US employment report showed more than half a million jobs in July, slashing the argument that the US economy is heading into a recession. However, other measures besides the Non-farm Payroll showed a sign of slowing where the July Job report could put additional pressure on the Fed to control inflation. In the US…

The rate hike party continues where last week’s winner was the European central banks. Although the Fed raised a 75 bps rate hike, it failed to hold the gain for the US Dollar. On the next day of the FOMC, the US quarterly GDP report showed a weaker-than-expected report, opening a possibility of a recession.…

The extreme volatility with a lot of financial data made the financial market messier, like a teenager’s bedroom. The European Central bank raised the interest rate by 0.50% for the first time in decades. Euro was seen to be rallied from the rate hike sentiment, but the gain was tempered by the Italian government and…