Oil prices traded higher on Thursday in Asia as the Organization of the Petroleum Exporting Countries (OPEC) revised its deficit forecast for next year. U.S. Crude Oil WTI Futures gained 0.1% to... » read more
Gold prices traded higher on Thursday in Asia after the U.S. Federal Reserve held its benchmark interest rate steady and signalled it expects that hold to last through 2020. U.S. Gold Futures rose... » read more
Ankara is threatening retaliation against Washington if hit by sanctions. The warning comes as the U.S. Senate prepares to vote on measures against Turkey over its procuring of Russian defense... » read more
Gold prices on Thursday hovered near a one-week high hit in the previous session, as the dollar nursed its steepest losses in weeks after the U.S. Federal Reserve stood pat on interest rates and... » read more
Hong Kong stocks came out of the gates with healthy gains on Thursday morning after the Federal Reserve indicated it will not change interest rates throughout next year, pointing to strength in the... » read more
Oil prices steadied on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in U.S. crude... » read more
The dollar nursed its steepest losses in weeks on Thursday, after the U.S. Federal Reserve's benign inflation outlook hosed down expectations for a rate hike any time soon, pushing Treasury yields... » read more
Tokyo stocks opened higher on Thursday after the US Federal Reserve kept interest rates unchanged as expected, with expectations that the low rate be maintained for a while. The benchmark Nikkei... » read more
Hong Kong stocks closed higher on Wednesday amid speculation that Washington may hold back from slapping new tariffs on Chinese exports that are scheduled to kick in this weekend. At the close of... » read more
U.S. stocks came off session lows to clinch modest gains on Wednesday after the Federal Reserve indicated it would keep interest rates at current levels through the whole of next year, concluding... » read more
Oil futures finished lower on Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate... » read more
Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following... » read more
The Federal Reserve left its benchmark interest rate unchanged and signaled no changes next year after its latest meeting to evaluate the economy. The Fed's so-called dot plot shows no rate hikes... » read more
New Zealand authorities say conditions on White Island continue to prevent efforts to send search crews to recover the bodies of those killed in Monday's volcanic eruption. Seismologists with New... » read more
European stocks traded cautiously Wednesday as investors await the U.S. Federal Reserve’s interest rate decision and monitor developments ahead of the weekend’s U.S.-China trade tariff... » read more
Stocks rose slightly on Wednesday as investors waited to hear the Federal Reserve’s latest decision on monetary policy. The Dow Jones Industrial Average traded just 3 points higher as more than... » read more
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Hong Kong stocks came out of the gates with healthy gains on Thursday morning after the Federal Reserve indicated it will not change interest rates throughout next year, pointing to strength in the US economy. The Hang Seng index rose 0.87 per cent, or 232.79 points, to 26,878.22. The benchmark...
A key measure of U.S. consumer prices remained subdued in November, bolstering widespread expectations Federal Reserve policy makers will hold the line on interest rates. The core consumer price index, which excludes volatile food and energy costs, rose 0.2% for a second month, and 2.3%...
Oil prices traded higher on Thursday in Asia as the Organization of the Petroleum Exporting Countries (OPEC) revised its deficit forecast for next year. U.S. Crude Oil WTI Futures gained 0.1% to $58.84 by 12:18 AM ET (04:18 GMT). International Brent Oil Futures gained 0.4%. In a report released...
| Time | Country | Im | Figures | Previous | Forecast | Actual |
|---|---|---|---|---|---|---|
| 02.00 | U.S | H | FOMC Economic Projections | - | - | - |
| 02.00 | U.S | H | FOMC Statement | - | - | - |
| 02.00 | U.S | H | Federal Funds Rate | 1.75% | 1.75% | 1.75% |
| 02.00 | U.S | L | Federal Budget Balance | -134.5B | -100.0B | -208.8B |
| 02.30 | U.S | H | FOMC Press Conference | - | - | - |
| 06.50 | JPN | L | Core Machinery Orders m/m | -2.9% | 0.7% | -6.0% |
| 07.00 | AUD | L | MI Inflation Expectations | 4.0% | - | 4.0% |
| 14.00 | EUR | L | German Final CPI m/m | -0.8% | -0.8% |
The Federal Reserve left its benchmark interest rate unchanged and signaled no changes next year after its latest meeting to evaluate the economy. The Fed's so-called dot plot shows no rate hikes in 2020 and just one in 2021. The "current stance of monetary policy is appropriate to support sustained expansion of economic activity," the Fed said Wednesday. The U.S. appears to have stabilized at steady but slower rate of growth and inflation is still below the Fed's 2% target. The vote was unanimous to leave the short-term fed funds rate at a range of 1.5% to 1.75%. Source : MarketWatch
Ankara is threatening retaliation against Washington if hit by sanctions. The warning comes as the U.S. Senate prepares to vote on measures against Turkey over its procuring of Russian defense systems. "U.S. lawmakers must understand they will get nowhere with impositions," Turkish Foreign...
Confusion and uncertainty dominates the gold market as traders and investors continue to react to shifting trade sentiment between China and the U.S. The latest Kitco News Weekly Gold Survey shows Wall Street analysts nearly caught in a three-way tie, while only a slight majority of retail...