Gold jumped nearly 1% on Tuesday, fully reversing Monday’s drop, sparked by hawkish comments from Fed officials on interest rate hikes. The dollar lost traction quickly after news, providing fresh support for the metal, though gains are still fragile as traders await Wednesday’s speech of Fed Chair Powell, to get more clues about the central […]
The post Gold Regains Traction But Near-term Direction Will Depend on Signals of Fed’s Next Steps appeared first on Action Forex.
Bond traders are rapidly reshaping their outlook on U.S. monetary policy, increasing bets that the Federal Reservecould raise interest rates before cutting them as persistent inflation risks and geopolitical tensions upend dovish expectations. Bloomberg reported Read more…
Palantir just posted one of the strongest quarters in its history as a public company. Wall Street‘s reaction was split. The stock fell. And one analyst said he had never seen anything quite like it Read more…
The precious metal has benefited from rumours of a de-escalation of the conflict in the Middle East. The US and Japan may agree on coordinated currency interventions. The US dollar bounced back from sellers amid Read more…