Fed Forecast for July Month: Gold remains on track to post weekly losses. Next week, FOMC Chairman Jerome Powell will testify before Senate on Wednesday. If Powell suggests a 50 basis points (bps) rate hike in July, the yellow metal could gain traction, FXStreet’s Eren Sengezer reports.
PIA CHAUHAN
The Fed does not want to induce a recession but is there any choice?
“There is no sign I can see of a broader slowdown in the economy…We are not trying to induce a recession,” Federal Reserve Chair Jerome Powell.
Gold Outlook: Gold prices fall ahead of US Fed meeting
Silver and Gold prices, Gold Price Today, Gold Price Outlook, Today Gold Silver Price: Gold prices in India were trading weak on Tuesday, as globally yellow metal hovered near a four-week low.
Nifty Technical Weekly Forecast: Sell on Rise [11-06-2022]
It was another poor week for bullish traders. Started weak and then continued lower to finish poorly too. Now, where have I heard that song before?
Current USD cycle has likely peaked
“The current USD cycle has likely peaked. The US Federal Reserve may be on track to deliver further rate hikes, but markets are now reassessing how high the fed funds rate will go, considering the sharp tightening in financial conditions.”
Nifty Weekly Technical Forecast [06-06-2022]
Nifty Weekly Technical Forecast: In the previous column, we studied the range that had formed and how a breakout may occur from that to set the immediate trend. We discussed that a down-move may continue upon the down-breakout but that an upside break may still meet with supplies at higher levels. Thus the bias was still bearish.
Spot Silver Forecast: Focus to Friday official labour Report
Silver Forecast: A barrage of US labour market data in recent trade gave mixed signals, with ADP’s estimate of employment change for May missing consensus and adding some downside risks to the market’s expectations for a 325K gain in non-farm payrolls in May on Friday.