Gold price (XAU/USD) oscillates in a narrow trading band during the Asian session on Wednesday and is currently placed around the $1,980 area, just above a three-week low touched on Monday.
Blogs
Oil faces more bearish pressure with COP28 agreement in place
Oil prices are entering the danger zone and could sink to the lows of July. Bears gained a boost on Tuesday after US Consumer Price Index numbers revealed yet again very sticky inflation.
Fed Preview: Three scenarios and their implications for BDXY – TDS
Economists at TD Securities discuss the Federal Reserve Interest Rate Decision and its implications for the Bloomberg Dollar Spot Index.
USD/JPY consolidates above 145.00 with all eyes on Fed’s decision
The remains moderately bid right with investors awaiting Fed’s decision.
United States MBA Mortgage Applications climbed from previous 2.8% to 7.4% in December 8
United States MBA Mortgage Applications climbed from previous 2.8% to 7.4% in December 8
EUR/USD: Inability to cross 200-DMA at 1.0830 can result in persistence in down move – SocGen
EUR/USD dead quiet before Fed decision. Economists at Société Générale analyze the pair’s technical outlook.
GBP/USD approaches 1.2500, weighed by gloomy UK data
The extends its reversal and hits lows near 1.2500 UK GDP and Industrial production deteriorate beyond expectations.
India M3 Money Supply remains unchanged at 11.2% in December 1
India M3 Money Supply remains unchanged at 11.2% in December 1
Fed: Cautious optimism on USD amid quite advanced expectations for rate cuts – Commerzbank
The US Federal Reserve kicks off two exciting days as five of the G10 central banks gather for their regular meeting.
AUD/USD looks vulnerable near 0.6520 support ahead of the Fed
The Australian Dollar is looking weak after rejection at 0.6615.