MrTrongVo

MrTrongVo Updated 

Taming inflation was still not enough to trigger a rate cut in March US five-year auction is tough, but Thursday's core PCE will be tame - what then? Potentially lower profits, but only temporary. The ECB takes center stage with Lagarde predicted to push back against an early cut. That might just mean avoiding speculation about timing altogether. What could be...

MrTrongVo Updated 

This downward trend is impacted by anticipated changes in Federal Reserve interest rate increases, higher U.S. Treasury yields and easing consumer inflation. These factors took XAU/USD to a 10-day low of $1,956.81. Demand for safe-haven assets such as gold has been limited due to positive market sentiment reflected in Wall Street's gains. Investors are closely...

MrTrongVo Updated 

“The Federal Open Market Committee (FOMC) is committed to achieving a monetary policy stance that is restrictive enough to reduce inflation to 2% over time; We are not confident that we have reached such a position,” Mr. Powell said in his opening speech to a policy panel at the 24th annual Jacques Polak Research Conference, organized by the International Monetary...

MrTrongVo Updated 

According to the governor of the Croatian central bank, “if our current forecasts come true, we will have a soft landing with little loss, meaning no economic recession and a significant increase in unemployment ”. “We cannot be certain that it will continue to be that way until we achieve our goals, but in my view, a soft landing remains a central scenario,” he...

MrTrongVo Updated 

“The Federal Open Market Committee (FOMC) is committed to achieving a monetary policy stance that is restrictive enough to reduce inflation to 2% over time; We are not confident that we have reached such a position,” Mr. Powell said in his opening speech to a policy panel at the 24th annual Jacques Polak Research Conference, organized by the International Monetary...

MrTrongVo Updated 

Bank of England (BoE) Andrew Bailey reiterated BoE Chief Economist Huw Pill's view that inflation is expected to fall sharply, driving the message of "higher interest rates for longer" The focus of the day will be on statements from Fed officials. Some members still maintain a hawkish stance but the market will focus on Chairman Powell. Other Fed officials will...

MrTrongVo Updated 

The dollar steadied amid cautious market sentiment after an unsuccessful separate session of the United Nations Security Council to resolve the conflict and Israeli Prime Minister Benjamin Netanyahu's insistence on a general ceasefire until Hamas Release all hostages. Market participants are now awaiting insights from Federal Reserve policymakers. Any conflict...

MrTrongVo Updated 

The US Federal Reserve (Fed) has made strides in curbing inflation The Federal Reserve has made significant progress in its efforts to bring inflation back to its 2% target, according to Austan Goolsbee, President of the Chicago Fed Bank. If this trend continues, focus will shift to the length of time interest rates should be maintained at current...

MrTrongVo Updated 

Analysts predict that the dollar's current weakening trend will continue. Nearly two-thirds majority, 28 out of 45 analysts, claim that the dollar is likely to trade below current levels against major currencies by the end of the year. They also predict it will fall against the euro and other G10 currencies over the next 12 months. The pound, up about 1.5% in...

MrTrongVo Updated 

Early this morning, Australia's job advertising data and inflation data dropped, signaling a change in the economy as tightening policies take effect. Currently the currency market is pricing in a 60% chance that the RBA will raise interest rates tomorrow. However, concerns about economic recession are also an issue banks need to consider at tomorrow's meeting....

MrTrongVo

The gold market trend will decline sharply and wait for a new increase when the USD will reduce interest rates. The Federal Reserve maintained interest rates at a target range of 5.25%-5.5%, a move supported by comments from Chairman Jerome Powell and met market expectations, thereby stimulating like risk appetite. This decision was announced last...

MrTrongVo

Last night's FOMC meeting of the Fed ended as expected, the Fed decided to keep the basic interest rate unchanged at the current level from 5.25% to 5.50%. Regarding current goals, the US Central Bank still leaves open the possibility of tightening monetary policy in the future to curb inflation. Although he maintained his hawkish stance, Powell did not raise...