Why you can't buy silver right now; return of 'Hunt Brothers' scenario? David Morgan Kitco NEWS
* This article was originally published here
Sunday, January 31, 2021
Friday, January 29, 2021
Next Week’s Menu: January 30-February 5, 2021
Central Banks: Monetary policy reviews in the U.K., Australia, Iceland, the Czech Republic, India, and Thailand. The quarterly Reserve Bank of Australia Monetary Policy Statement and Bank of England Inflation Report will be published, and Governors Lowe and Bailey will speak on those occasions. Williams and Rosengren are among those Fed officials who will be […]
* This article was originally published here
* This article was originally published here
Thursday, January 28, 2021
GBP/ZAR Exchange Rate Continued Volatility
Demand for both the Pound and South African Rand continues to leave the British Pound to South African Rand (GBP/ZAR) exchange rate’s movements volatile. The Pound is attempting to benefit from weakness in rival currencies, but the market’s mood continues to slightly benefit the South African Rand as well. Overall, uncertainty remains a...
* This article was originally published here
* This article was originally published here
Wednesday, January 27, 2021
GBP/AUD Forecast: Pound to Australian Dollar Exchange Rate Rises Ahead of US Fed Decision
GBP/AUD Exchange Rate Heads Higher as Risk Sentiment Sours
The Pound to Australian Dollar exchange rate rose by 0.6% today, with the pairing currently fluctuating around AU$1.78.
The Australian Dollar is struggling ahead of the US Federal Reserve’s interest rate decision.
As a result, demand for the...
* This article was originally published here
* This article was originally published here
FOMC Statement
Today’s FOMC statement makes some modifications in the second and third paragraphs that deal with current U.S. economic conditions and their outlook. December’s press release had talked about a continuing recovery of activity and employment, while today’s assessment speaks of a “moderating” recovery recently concentrated in sectors affected by Covid. A phrase “progress on vaccinations” […]
* This article was originally published here
* This article was originally published here
FOMC Preview
The Federal Open Market Committee holds eight scheduled meetings per year and consists of the seven members of the Board of Governors (appointed by the president and confirmed by the senate), the New York Fed president, who serves as Vice Chairman of the FOMC, and four of the other eleven district presidents, who rotate onto […]
* This article was originally published here
* This article was originally published here
Tuesday, January 26, 2021
Euro to Pound Exchange Rate Falls as German Business Morale Suffers
EUR/GBP Exchange Rate Sinks as Outlook for Eurozone’s Economy Darkens on ‘Little Confidence’
The Euro to Pound exchange rate fell today, with the pairing currently fluctuating around £0.88.
The Euro suffered today following Monday’s publication of the latest German business morale figure, which printed below...
* This article was originally published here
* This article was originally published here
Monday, January 25, 2021
Pound to Japanese Yen Exchange Rate Steady on Hopes for Japanese Economic Recovery
GBP/JPY Exchange Rate Rangebound as Outlook Improves for Japanese Economy
The Pound to Japanese Yen exchange rate held steady today, with the pairing currently fluctuating around ¥142.000.
The Japanese Yen benefited from news that Japan’s economy could recover to levels seen before the Covid-19 pandemic as early as...
* This article was originally published here
* This article was originally published here
Sunday, January 24, 2021
Saturday, January 23, 2021
Friday, January 22, 2021
Next Week’s Menu: January 23-29, 2021
Central Banks: Monetary policies will be reviewed at the Federal Reserve and in Chile, Hungary and Colombia. Fed Chairman Powell will hold a news conference Wednesday, and the Bank of Japan will publish a summary of this week’s meeting and minutes from the previous one. Holidays and Special Events: Tuesday is Australia Day. Republic Day […]
* This article was originally published here
* This article was originally published here
Thursday, January 21, 2021
Bank of Japan Policy Left Unchanged
The Bank of Japan‘s policy board chose to retain interest rates of -0.1% on overnight money and “around zero percent” on the 10-year JGB yield. The policy of Quantitative and Qualitative Easing with Yield Control will be maintained for as long as needed to achieve the elusive goal of sustainable 2.0% core CPI inflation, and […]
* This article was originally published here
* This article was originally published here
GBP/USD: Pound-to-Dollar Exchange Rate Hits 2 and a Half Year Best Ahead of Joe Biden Inauguration
Despite anticipation for a better outlook for the US economy under the upcoming Joe Biden administration, the British Pound to US Dollar (GBP/USD) exchange rate has still been advancing today. Investors bought the Pound in reaction to this morning’s better than expected UK inflation data, combined with hopes that Britain’s coronavirus...
* This article was originally published here
* This article was originally published here
Bank of Canada Policy Review
The Bank of Canada‘s overnight target rate was left at 0.25%. This effective lower boundary has been the rate level since a trio of 50-basis point cuts in March 2020. The rate will not be lifted before economic slack — estimated to be between 2.75% and 3.75% of GDP according to a released policy statement […]
* This article was originally published here
* This article was originally published here
Pound South African Rand Exchange Rate Gains Ground on SA Retail Sales Contraction
Pound South African Rand Exchange Rate Rallies as SA Retail Sales Tumble
As South African retail sales contracted further than forecast in November this helped to boost the Pound Sterling to South African Rand (GBP/ZAR) exchange rate.
A -4% drop in sales on the year suggests that confidence among consumers remained...
* This article was originally published here
* This article was originally published here
European Central Bank Maintains Loose Monetary Stance
Having augmented the ECB’s Pandemic Emergency program (PEPP) of asset purchases by half a trillion euros and extending this “very accommodative” quantitative stimulus from mid-2021 to March of 2022 at its final policy review of 2020, the European Central Bank governing council left all quantitative and interest rate settings unchanged at its first meeting of […]
* This article was originally published here
* This article was originally published here
Wednesday, January 20, 2021
Pound Euro Exchange Rate Rallies as UK Inflation Rate Betters Forecast
Pound Euro Exchange Rate Strengthens as UK Inflation Rises
The Pound to Euro (GBP/EUR) exchange rate picked up sharply as the headline UK inflation rate bettered forecasts for December.
As the inflation rate strengthened from 0.3% to 0.6% on the year this encouraged investors to buy back into the Pound, betting that...
* This article was originally published here
* This article was originally published here