Posts Tagged ‘Fed’

Gold Advances Before US Fed’s Data Today

by Forex Rooton October 29, 2014 9:42 am BST
Rising interest rates reduce gold’s allure because the metal generally offers investors returns only through price gains. The Fed said in September it planned to end asset purchases this month if the economy keeps improving. Volumes for the Shanghai Gold Exchange’s benchmark bullion spot contract rose to a three-week high today, and the U.S. Mint […]

Dollar Jumped Up on FOMC

by Forex Rooton September 17, 2014 6:09 pm BST
The dollar rose to a six-year high versus the yen amid speculation on whether the Federal Reserve will change its pledge in a policy statement to keep interest rates low for a “considerable time.” The Fed’s Open Market Committee (FOMC) will conclude its regular two-day policy meeting later in the session and is likely to […]

USD Steady After Feds Cuts Bond Buying

by Forex Rooton July 30, 2014 7:33 pm BST
The dollar remained higher after the Federal Reserve said slack in the labor market persists even as the economy is picking up, and it continued to trim monthly asset purchases. The US currency rose to a four-month high earlier as the economy grew more than forecast in the second quarter. The greenback strengthened for a […]

US 10-Year Note Pulls Back on Jobs Data; Head and Shoulders in View

by Christopher Lemieuxon July 3, 2014 2:50 pm BST
US treasuries sell-off after data from the Labor Department show that 288,000 jobs were added in June, well above the 215,000 increase forecasted by analysts. The US 10-year treasury note yield increased to two-month highs, as the unemployment rate hits a six-year low of 6.1 percent. Traders dumped safe haven assets and double-downed on risk […]