Today was #FOMC! I'm Sure most of us had same experience on BLACKBULL:WTI and $OANDA:XAUUSD. I Just wanted to write about What is #FOMC and It's impact on #WTI, #Gold and #USD, Maybe somebody has lots of questions about that, so I try to do my best regarding captioned subject.
The Federal Open Market Committee (#FOMC) plays a crucial role in shaping monetary...
BINANCE:BTCUSDT
In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve to maintain depository institutions' reserve requirements....
The FOMC announced another 50bps (0.50%) Interest Rate increase to 4.50% which has lead to short term downside for gold as an initial reaction.
The question for many remains.
Why does gold drop when interest rates rise?
There are a number of reasons, but here are the top 5…
#1: Investors look elsewhere
Higher interest rates can make other investments, such...
We had the CPI come our better than expected (7.1%) versus 7.3% expected.
This means finally inflation is decelerating at an accelerating rate which is good for the markets.
However, today with the FOMC they are expecting a 50 bps hike or 0.5% rise.
Just a reminder in simple terms
Interest rates is the amount of money (expressed as a %) that a lender...
