Euro trims losses against the US Dollar, but Fed rate-hike bets keep gains in check.
Euro trims losses against the US Dollar, but Fed rate-hike bets keep gains in check.
EUR/USD Update: Dollar strength keeps weighing on the euro
These remain difficult sessions for the euro in the short term. Despite the recovery attempt at the start of the week, EUR/USD is still down by a little more than 0.1% during the session and is once again trading below the 1.1400 area.
USD/ZAR Forecast Note for the Week
Traders are exercising caution on the USD/ZAR ahead of two high-profile risk events this week, even as a bullish chart pattern evolves.
Silver Price Forecast: XAG/USD attempts to reclaim $60 as bearish trend persists
Silver Price Forecast: XAG/USD attempts to reclaim $60 as bearish trend persists
Hammack Warns Fed Policy May Be Insufficient Amid Rising Inflation from AI Investment
Hammack suggests that if consumer data remains consistent, the Federal Reserve's current policy might not be restrictive enough to curb inflation. Additionally, increased investment in AI is contributing to upward pressure on inflation levels.
Hammack Highlights Elevated Core Inflation Beyond Energy Costs
Hammack stated that core inflation remains high, emphasizing that the issue extends beyond just energy prices. This suggests broader inflationary pressures in the economy.
Fed's Hammack Approaches Meetings With Open Mind, No Prejudgment on Outcomes
Federal Reserve official Hammack stated he will attend upcoming Fed meetings with an open mind and will not prejudge the outcomes. This suggests a flexible approach to potential monetary policy decisions amid economic uncertainties.
Fed's Hammack Signals Potential for Further Rate Hikes Amid High Inflation
Federal Reserve official Hammack emphasized that inflation remains too high, suggesting that the central bank may need to consider additional interest rate increases to manage price pressures. This statement indicates ongoing vigilance in monetary policy to curb inflation.
Euro: Resistance at 1.1450 caps upside against US Dollar – Scotiabank
Euro: Resistance at 1.1450 caps upside against US Dollar – Scotiabank
Gold Set for Worst Quarterly Performance in Over a Decade as Retail Demand Declines
Gold prices are on track for their worst quarterly drop in more than ten years, driven by a decrease in retail investor interest. The fading retail frenzy has contributed to a significant downturn in the precious metal's market performance this quarter.