Forex or The foreign exchange market is very very large financial market in the world, with a daily turnover of over $5 trillion. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Forex trading refer to the art of buying or selling currency for profit.

Author Topic: Gold futures prices narrow before the Fed meeting  (Read 131 times)

Kevin Durant

  • Guest
on: December 14, 2021, 02:31:03 AM
Gold futures prices narrow before the Fed meeting

Gold futures prices narrow today. Ahead of the Federal Reserve's (Fed) monetary policy meeting this week.

Gold contract on COMEX (Commodity Exchange) for delivery in Feb. Add $3.00 or 0.17% to $1,787.80/ounce.

Gold prices are also pressured by the strong dollar. which will reduce the attractiveness of gold by making gold contracts more expensive for holders of other currencies.

Investors keep an eye on the Fed's monetary policy meeting on Dec. 14-15.

Earlier, Fed Chairman Jerome Powell signaled an end to his quantitative easing (QE) bond purchase program earlier than expected. This will pave the way for the Fed to raise interest rates faster than expected.

Mr Powell said The Fed may cut its QE limit by more than $15 billion a month, which will be discussed at the meeting.

Goldman Sachs released a report predicting that The Fed will increase its QE limit cut to $30 billion a month, doubling from $15 billion a month, paving the way for the Fed to raise interest rates in June 2022. This is the first rate hike since the United States faces the COVID-19 pandemic in 2020.

The CME Group's FedWatch Tool, which analyzes U.S. short-term interest rate futures, indicates that investors expect the Fed to raise interest rates by 0.25% for the first time in May or June 2022, and 61% likely the Fed will raise interest rates three times in 2022.

Kevin Durant

  • Guest
Reply #1 on: January 13, 2022, 05:36:09 AM
Shanghai Composite opened up 3.6 points, expecting China to ease its finances after slowing inflation.

The Shanghai Composite Index, China's stock markets opened in positive territory this morning. After China's producer price index (PPI) slowed down in December. Yesterday (Dec 12), which may allow the People's Bank of China to adopt a monetary easing policy.

The Shanghai Composite Index opened at 3,601.03, up 3.6 points, or +0.10%.

The National Bureau of Statistics (NBS) reported today that The Producer Price Index (PPI), a measure of the cost of goods at the factory door, rose 10.3% year-on-year. That was slower than November's 12.9 percent growth and below analysts' forecast of 11.1 percent.

The Consumer Price Index (CPI), a measure of inflation caused by consumer spending, rose 1.5 percent in December from an annualized rate. That was slower from a 2.3 percent gain in November and below analysts polled by Reuters had expected a 1.8 percent gain.

Kevin Durant

  • Guest
Reply #2 on: January 27, 2022, 10:43:21 AM
European stock markets open sharply After the Fed signaled to raise interest rates in March

The European stock market opened a sharp drop today. After US Federal Reserve Chairman Jerome Powell (Fed) signaled that there may be a rate hike in March. including having a strict policy to cope with rising inflation

Powell gave a press briefing after the monetary policy meeting this morning. “There is still a possibility that the Fed will raise interest rates without affecting the labor market. And the Fed does not deny the possibility of a rate hike of more than 0.25% considering the spike in inflation.”

The STOXX 600 index opened at 464.97 points, down 2.34 or -0.50%.

The German stock market DAX opened at 15,229.98, down 229.41, or -1.48%, and the French CAC-40 index opened at 6,879.64, down 102.32, or -1.47%.


Related Topics

  Subject / Started by Replies Last post
0 Replies
Last post November 05, 2020, 06:21:41 PM
by Tonus
0 Replies
Last post December 17, 2020, 03:26:23 PM
by Gold guy
1 Replies
Last post February 13, 2021, 01:01:36 PM
by guller
0 Replies
Last post July 07, 2021, 03:54:54 PM
by Toxapex
0 Replies
Last post December 27, 2021, 05:01:37 PM
by Darren Criss


Forex Forum - Learn Forex/ 外汇信号 / إشارات الفوركس / Форекс сигналы / สอนเล่น Forex / Tín hiệu Forex/

Disclaimer By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning forex online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to Forex trading in each language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or not. Investing in financial product is subject to market risk. Financial products, such as stock trading and forex, are very speculative and any investment in them should done carefully, desirably with a good personal risk management. Whether you are newbie in forex, part-time traders, or full-time forex traders. Forex trading, Stock Trading and commodity specultion have big potential rewards but also big potential risk.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any forex market or stock market movement. This website is for informative and discussion purpose in this website only. Whether a materials related to Forex trading in different language such as Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия). Whether newbie in forex tradeing, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about forex trading or not. Discussion content reflects the views of individual people only. The people here maybe newbie in Forex trading, part time dorex traders, or full-time traders. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Investment tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments,forex currency pairs, or any products or forex courses. Whether it is in the section of Forex China (外汇中国), Forex Japan (外国為替日本), Forex Vietnam (Ngoại hối việt nam), Forex Thailand (ฟอร์เร็กซ์ประเทศไทย), Forex Indonesia, Forex Korea (한국의 외환 거래), Forex Russia (Форекс Россия) or any other language. All investors should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual financial and forex trading advice based on your own particular circumstances before making an investment decision on the basis of information about forex and non-forex matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any forex traders and non-traders.