Forex Today: Recession fears weigh on sentiment, look at US PMI, Powell testifies

This is what that you must know on Thursday, June 23: Markets remained danger averse on Thursday as traders grew more and more involved a few world recession. US inventory index futures and main European inventory indices are down this morning, and the safe-haven greenback stays in demand. Later within the session, FOMC Chairman Jerome … Read more

The price of gold: Powell is less “hawkish” than expected

Uncooked supplies on this article by Jrg Bernhard Though Powell himself typically didn’t rule out an enormous 100bp price hike, market gamers honored the statements concerning the well being of the US financial system. Within the afternoon, numerous indicators are scheduled to be introduced to buying managers, which can show this perspective. Based on a … Read more

Powell eases interest rate hike concerns somewhat

Dow Jones closes within the purple Powell eases rate of interest hike considerations considerably 06/22/2022, 10:41 PM The feedback made by Fed Chairman Powell are inflicting a restoration on Wall Road. However the Fed continues to be on monitor and investor fears of a recession haven’t been allayed. The Dow closed within the purple, and … Read more

Fed Chairman Jerome Powell: The US economy is ‘very strong’ – paving the way for further rate hikes

supply: MDart10 / Shutterstock.com Based on US Federal Reserve Chairman Jerome Powell, the US financial system is “very sturdy” and might deal with will increase in the important thing rate of interest. Powell informed a US Senate committee on Wednesday that the central financial institution’s precedence is to revive excessive inflation, which is why “fast … Read more