Posts Tagged ‘xauusd prediction today’

The Fed Chair signalled that his central banks would like to accelerate the pace by withdrawing liquidity from the system. Moreover, he downplayed the Omicron and put special attention to the intensified inflation risk. Currently, the US inflation is rising while the job market is healing. As a result, the Fed is preparing to hit…

The October payroll report helped the Fed to decide on the $120 bn monthly asset purchase program. In October, there were 531K new jobs after the decent upgrade of 194K to 312K in September. Moreover, the unemployment rate decreased to 4.6%, from 4.8% with a stable participation rate. Considering the current job numbers, the wages…

The US Retail sales moved higher by 1.7% in October due to increased e-commerce and holiday sales. However, the nominal figure is not enough to offset the rising inflation tension. Besides, Housing supply measures moved lower by 0.7% with a surge in housing demand. Currently, the US economy is the strongest as the inflation is…

After the robust US Job report, the US Dollar became calm as soon as the US CPI report printed at 6.2%, highlighting a risk of inflation that might be more persistent for the Fed to initiate a rate hike. The global financial market responded clearly by moving the bond yields up and selling off in…

Investors sentiment on the US economy shifted its direction as soon as the Fed took to the airwaves last Wednesday. The policymakers have talked about the taper to move slowly where the Fed was asked to explain the definition of the transition after yields fell. Among S&P 500 companies, nearly 450 organizations have released earnings…

The last two payroll reports signified the stimulus impact that made the strong rebound in the US economy questionable. Meanwhile, the weekly jobless claim declined and is currently at 2.2M, more than 500k below the previous level in August. However, the current projection of this week’s NFP is 397K which is far above the previous…

The European Central Bank and Bank of Canada will meet this week, where investors may experience a dovish sentiment from the ECB. In the latest September meeting, the ECB announced a slower pace of the PEPP bond-buying program in Q2 and Q3. Therefore, the sidelined position from the rate hike may influence the ECB to…

In September, the US Consumer Price Index, Retail Sales and Unemployment all beat expectations where the last week’s data indicated that the US economy is yet to find the equilibrium point of the previous 18 months.  The labor and non-labor supply shortage may indicate inflationary pressure. The CPI released showed the inflation to pick up…

The US economy has shown another disappointing employment report in September by adding just 194K jobs. Moreover, the economy added supply-side challenges as the labor market is in short supply, and there is a shortage of finished goods and inputs. Besides, the extension of the debt ceiling too early December may show growth for the…

Most central banks think it is safe to begin stimulus during the slowdown in economic growth for major economies. However, policymakers are focusing on tightening the policy where the September job report may show a green line for taper in November. On the other hand, the Reserve Bank of New Zealand may press the rate…