![]() ![]() If you would like more information please click this link. Year Variables Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020: Inter-Bank Exchange Rate End Period (GHC/US) 5.4672: 5.2949: 5.4423: 5.6010: 5.6203: 5.6674: 5. This report will be the most current information on inflation that the Federal Reserve will use to make its final decision on its monetary policy. This is the preferred index used by the Federal Reserve and the report will contain the most current inflationary data for May 2023. The BEA will release the PCE price index report on Tuesday. It is predicted that there is a 53% probability that the Fed will raise its benchmark rate by ¼%, and a 16.4% probability that they will raise rates by ½ % at the July FOMC meeting. When exchanging Euro between themselves, banks and transfer services use the mid-market rate (also known as the interbank rate). However, the pause in rate hikes could be short-lived according to the CME’s probability indicator. According to the CME’s FedWatch tool, there is a 71.2% probability that the Fed will not raise their benchmark interest rate for the first time in over a year, with only a 28.8% probability that they will raise rates by ¼%. However, market sentiment reversed last week from bearish to bullish as market participants anticipate that the Federal Reserve will not raise rates as they have at the last 10 consecutive FOMC meetings beginning in March 2022. The weeks beginning May 8, May 15, and May 22 all concluded with gold prices declining. Gains over the last two weeks come after pricing had been in a defined price correction which began during the first week of May when gold futures traded within a few dollars of the record high. This week gold opened at approximately $1962 and as of 5:15 PM EDT is currently fixed at $1975.70 after factoring in today’s decline of -$2.90. On Friday, June 2 gold futures settled at approximately $1972 after briefly trading to $2000 an ounce. The amounts above are calculated using the Market (Interbank) rate and are not indicative of OFX Customer Rates. Gold traded to a lower low than the previous week but closed above the settlement price that occurred on the last trading day of the week. Currency Exchange Rates - Check Live Foreign Exchange Rates OFX (US) Home Exchange Rates Exchange rates Check foreign exchange rates on the most popular currency pairs here before you initiate your money transfer. Gold futures basis the most active August contract opened at approximately $1942 during the week beginning on Tuesday, May 30th. By using website you agree to the cookies policy.In anticipation that the Federal Reserve will not raise its benchmark interest rate at the next FOMC meeting that ends on Wednesday, June 14 market participants have moved gold prices higher for the last two weeks. We use cookies to improve your experience and to make your stay with us more comfortable. ![]() Reprint of the materials is available only with the permission of the editorial staff. The entire responsibility for the contents rests with the commentators. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Prior to making transactions one should get acquainted with the risks to which they relate. The usage of this website constitutes acceptance of the following legal information.Īny contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |