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Gold prices are on the rise
GOLD Gold prices are rising during early Friday trading. The precious metal is on track for its best week since November, with its gains reflecting the losses of the US dollar due to the inverted correlation between the two assets. The US currency lost more than 1% in relation to other majors over the course[…]
US inflation numbers are going up
FOREX The US dollar is on the back foot during early Thursday trading, losing ground to other major currencies. Markets were already readjusting expectations following Fed chairman Jerome Powell’s declarations to a senate committee earlier in the week, where he used a tone that was perhaps less hawkish than some had expected. Added to this[…]
The dollar lost ground following Powell’s speech
FOREX The US dollar lost some ground to other major currencies after yesterday’s declarations by Fed chairman Jerome Powell, that it will take a few more meetings (months) for the US central bank to further tighten its monetary policy. The statement disappointed dollar bulls, who had expected the Fed would return to a more hawkish[…]