Monthly Archives: February 2022
Unexpected Fed Dovishness Causes USD Drop and Gold Rise
Written on February 17, 2022 at 6:53 am, by 王建军
On Wednesday evening (GMT+2), the US Federal Reserve released its meeting minutes, revealing its plans for interest rate hikes, as well as a “significant reduction” in asset holdings in response to spreading inflation. However, while its outward tone might seem hawkish, the details of the minutes lacked bite without any clear signals indicating more aggressiveContinue Reading
Chances of 50-point Rate Hike Increases as US CPI Hits 40-year High
Written on February 11, 2022 at 6:50 am, by 王建军
On Thursday (GMT+2), the US released its Consumer Price Index data (CPI) for January. Results showed that inflation, as measured by the CPI, increased by 7.5% year-on-year, beating out the forecasted 7.3% and posting the highest gain since 1982. The results also mark an increase of 0.6% from December, continuing the fourth straight month ofContinue Reading
Gold rises as US ADP Nonfarm Employment massively underperforms
Written on February 3, 2022 at 6:42 am, by 王建军
On Wednesday afternoon (GMT +2), the US ADP Nonfarm Employment data was released. The results showed that private U.S. payrolls fell by 301,000 in January 2022, the largest drop since April 2020, and far from the gain of 207,000 estimated by economists polled by Dow Jones. This is the first time in over a yearContinue Reading
