Day: March 20, 2026

Gold falls despite Middle East tensions as interest rate outlook dominates sentiment

Gold falls despite Middle East tensions as interest rate outlook dominates sentiment

Gold (XAU/USD) extends losses on Friday following a sharp two-day decline that pushed prices to their lowest level since early February, near the $4,500 mark. The drop comes as markets increasingly price in a ‘higher-for-longer’ global interest rate environment following this week’s major central bank monetary policy announcements. At the time of writing, XAU/USD is […]

Higher-for-longer stance maintained – Nordea

Higher-for-longer stance maintained – Nordea

Nordea’s Sara Midtgaard reports that the Federal Reserve left its policy rate unchanged and signalled only gradual easing, with one 25 bp cut projected in both 2026 and 2027. She notes Powell’s emphasis on data dependence and geopolitical uncertainty, and Nordea’s base case that the Fed keeps rates on hold over the next two years […]

GBP/USD retreats as BoE hawkish pivot faces resilient US Dollar

GBP/USD retreats as BoE hawkish pivot faces resilient US Dollar

GBP/USD retreats on Friday, trading around 1.3380 at the time of writing, down 0.39% on the day, after Thursday’s strong rally following the Bank of England (BoE) decision. The corrective move comes as the US Dollar (USD) regains some traction, despite a broader backdrop shaped by a hawkish repricing of global monetary policy. The Bank […]