country flagالعربية
0
0

Gold prices are down sharply after the Fed decision to cut

2019-08-01 08:35 am | Resource: News | No Views : 55

Gold prices are down sharply after the Fed's decision to cut

Gold prices fell after the Fed cut interest rates for the first time in a decade since the global financial crisis. Where weak inflationary pressures and global economic conditions contributed to a quarter-percentage point cut to 2.0% -2.25%. Analysts also expected gold prices to remain volatile as traders digested all Fed comments.

Trump attacks Powell for not involving China and the EU

US President Donald Trump said on Wednesday he was unhappy with the new FOMC procedures to support the economy. He again criticized the central bank and its chairman, Jerome Powell, and claimed that they should do more to enhance competitiveness for trading partners. The president accused various countries and the euro area of ​​devaluation and insisted that the dollar was very strong.

"What the market wanted to hear from Jay Powell and the Federal Reserve is that this was the beginning of a long and serious rate cut course in line with China, the EU and other countries around the world." As usual, Powell let us down and Trump added that what the price makers did was "not enough."

On the level of trade talks between the United States and China, the Ministry of Commerce said on Thursday that trade-level trade negotiations with the United States will continue in August, before resuming a higher level in September in Shanghai. In the latest round of talks that ended this week, delegates discussed the collapse of negotiations and the establishment of principles for future talks, the ministry's spokesman in Beijing said.

Once again, China called on the United States to "show honesty", implement its commitments and do more "favorable" things until a trade agreement can be reached.

 At the same time, the greenback was also pushing the yellow metal. The US dollar index, which measures the US currency against a basket of other currencies, rose 0.3%.

Precious metal trades
  • Precious metal contracts for December delivery fell 1.4% or 20.30 dollars to 1417.50 dollars at 9.55 am Central time.


Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.