The Bank-of-Japan after concluding a two-day monetary policy review meeting on Friday, kept its monetary policy settings unchanged as widely expected. BoJ kept its 10-year Japanese Government Bond (JGB) yield target around 0% and a short-term interest rate target at -0.1%. The central bank extended the pandemic-relief program beyond the current September...
Silver fell to its lowest in more than a month on Thursday, pressured by gains in the dollar and U.S. Treasury yields after the Federal Reserve signaled earlier-than-expected interest rate increases. Recommended to sell on rallies around 27.2-4
US Fed matched wide market forecasts of keeping the monetary policy intact but the quarterly economic projections were the key. The policymakers not only revised up the near-term GDP and inflation forecasts but also pumped the rate-hike expectations, mostly known as dot-plot. As per the latest update, US GDP may grow 7.0% in 2021 versus 6.5% previous whereas the...
Possible corrective move before Bearish trend continuation. DXY is not much stronger. Despite a significant increase in inflation, which exceeded 5%, at yesterday's meeting, the US Federal Reserve decided to leave the parameters of monetary policy unchanged, and, according to the comments, a revision of the volume of bond buybacks will become possible only...
Gold upside correction in the following next periods, targets as 1850-55. Recommended to sell on rallies around 1850-55.
U.S. Treasury yields were steady on Tuesday ahead of the conclusion of the Federal Reserves two-day meeting on Wednesday, which will be watched for any signals on when the U.S. central bank is likely to begin paring its massive bond purchase program. Benchmark 10-year yields were little changed on the day at 1.499%. They fell to a three-month low of 1.428% on...
It's good to sell on rallies around 28.00-10
Dollar index consolidating around 90.3-6 Bullish trend continuation above 90.9 short term target as 91.918