Gold and Silver rallied after a series of rate decisions raised demand for precious metals. However, gains were relinquished after a rejection of resistance.
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Etiqueta: DailyFX – Market News
Oil Prices Fail to Hold Post-Fed Gains, Charts Look Heavy
US crude prices faced opposing influences of ongoing output cuts and signs of large inventory builds.
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EUR Breaking News: ECB Hike Rates by 50bps, EURUSD Looks Vulnerable
ECB hikes rates by 50bps promising more to come as inflation remains their top priority. EURUSD remains sub 1.10 ahead of the press conference.
from DailyFX – Market News https://bit.ly/3JArObH
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Breaking News: BoE Hikes by 50bps, GBP Pounded After Dovish MPC Report
The Bank of England hiked rates by half a basis point but more placid guidance from the MPC has left the pound on offer. GBP/USD eyes 1.22.
from DailyFX – Market News https://bit.ly/40z4dhM
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USD/JPY Post FOMC: Fading Recession Perceptions See Moderate USDJPY Move
Powell acknowledged the risk of complacency around disinflationary trends but markets perceived the address as dovish, lifting risk assets while USDJPY eased lower
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