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Fed officials discuss timing of reducing bond purchases
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Top Republican accuses Federal Reserve of unacceptable stonewalling on woke initiatives
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Gold Price Forecast: XAU/USD recaptures $1780 amid cautious market mood
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6/22/2021 9:37:29 PM GMT | By Anil Panchal
AUD/USD bulls take a breather following two-day uptrend.
Fedspeak returns to normal, fades last week’s hawkish rhetoric.
Sino-American trade deal updates, US stimulus and Delta Plus woes got lesser attention.
Activity numbers to decorate calendar, risk catalysts become the key for fresh impulse.
AUD/USD begins Wednesday’s Asian session with a pullback to 0.7543, around 0.7551 by the press time, after rising for two consecutive days. While the latest moves could be termed as consolidation the earlier run-up takes clues from the US Federal Reserve (Fed) official’s comments, mainly by Chairman Jerome Powell.
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Wall Street Close: Nasdaq refreshes record top as Fed’s Powell tones down tapering, rate-hike chattersNEWS |
6/22/2021 10:17:23 PM GMT | By Anil Panchal
US equity benchmarks post second consecutive daily gains, growth stocks lead the run-up.
Fed Chair Powell and others raise employment issues to push back monetary policy adjustments.
Mixed data, fears of US-China trade tussles 2.0 and Delta Plus covid probe bulls.
Activity numbers to join qualitative factors to offer fresh directions.
Wall Street marked another positive day, led by Nasdaq, as US Federal Reserve (Fed) officials step back from last week’s hawkish rhetoric. Technology and the retail sector were major gainers as the growth outlook improves despite concerns over employment conditions.