Why markets may be misreading Warsh

Why markets may be misreading Warsh

Kevin Warsh was sworn in as the 17th head of the Fed on Friday, the first chair to take the oath at the White House since Alan Greenspan in 1987, a venue choice that says plenty about how close this central bank now sits to the executive branch. The optics got stranger from there. The […]

Hawkish BoK tilt supports Won – ING

Hawkish BoK tilt supports Won – ING

ING economists Min Joo Kang and Lynn Song expect the Bank of Korea to leave policy rates unchanged this week but to adopt a more hawkish tone. They see updated dot plots pointing to one or two rate hikes within six months, alongside upgraded GDP and CPI forecasts. Strong chip production and resilient activity data […]

Gold price slips as Waller’s hawkish comments lift USD

Gold price slips as Waller’s hawkish comments lift USD

Gold price edges lower during the day as the Greenback recovers some ground amid doubts that the US and Iran could reach a deal to end the conflict, and traders are pricing in a Federal Reserve (Fed) rate hike by the end of the year. At the time of writing, XAU/USD trades at $4,518, down […]

XAG/USD remains range-bound with RSI and MACD signaling weak momentum

XAG/USD remains range-bound with RSI and MACD signaling weak momentum

Silver (XAG/USD) remains range-bound on Friday as traders avoid aggressive positioning amid uncertainty surrounding US-Iran negotiations. At the time of writing, the white metal trades near $76.00 and is likely to close the week on a flat note. In the latest developments, Iran’s Foreign Ministry spokesperson said, “We cannot necessarily say that we have reached […]