The USD/JPY pair hovers around 152.50, just above a three-month low, as traders anticipate the Bank of Japan's policy decision, expecting a 10-basis-point rate hike and bond-buying tapering, which supports the Yen. A slight recovery in the US Dollar has paused the pair's rise, with the Dollar Index near 104.50 ahead of the Federal Reserve's meeting, where rates are expected to stay unchanged but with dovish guidance.
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The U.S. labor market's vigorous expansion, with the Non-Farm Payroll (NFP) report disclosing an impressive 303,000 job additions that exceeded both previous results and projections; bolstering dollar
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XAU/USD sets for further downside, FED’s Powell in focus
U.S. 10-year Treasury yields rose, U.S. stock indexes fell, gold fluctuated
The three major U.S. stock indexes fluctuated widely, and the daily correction of the gold line ended the four-week losing streak
The U.S. economic growth forecast was downgraded, and the three major stock indexes fell unilaterally
Strong U.S. retail sales data, Powell promises Fed to keep raising interest rates
The three major U.S. stock indexes rose collectively, and spot gold continued to decline
The U.S. CPI in April recorded a year-on-year increase of 8.3%, and the market is betting that the Fed will raise interest rates by 70bps rate in June
Gold hits three-month low as Fed officials release hawkish signals
U.S. stocks continue to fall, Dow gold continues to fall!
U.S. GDP shrank 1.4% in the first quarter, and the dollar index hit a nearly 20-year high
The dollar hit a five-year high on Wednesday, with today's focus on U.S. GDP data.
The dollar index hit a new two-year high, gold and crude oil rebounded weakly
As investors head into the fourth quarter, the VIX Volatility Index - often referred to as the market‘s ’fear gauge - is in an uptrend. In September, US benchmark stock indices saw some of the worst monthly performance since March 2020. In fact, the S&P 500 and Nasdaq 100 finished the third quarter little changed. More importantly, they trimmed most of their gains. The Dow Jones declined.
The US Dollar soared as the Fed cut rates for the first time since 2008 but Chair Jerome Powell surprised less dovish, increasing the risk of a reversal in anti-fiat gold prices.