The dollar is at its top within 3 weeks and gold is back to fall after the Fed data.

At the beginning of Thursday’s trading, the US dollar index,
which measures the currency’s strength against a basket of major currencies,
rose to its highest levels since July 26,
after data from the US Federal Reserve minutes were released on Wednesday.

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the rise of the dollar

High inflation makes Bank of England expected to outpace Fed.

Facebook imposes a week-long ban on political ads ahead of congressional elections.

the rise of the dollar

gold prices fell to their lowest level at the beginning of August,
with increased expectations of tightening by Fed officials,
and thus gold fell as a safe haven for the fourth time in a row.

Fed officials confirmed the continuation of their policy of raising US interest rates,
in order to reach a strong and noticeable slowdown
in inflation from the levels currently recorded for it,
and they also added that the bank could resort to slowing its pace in raising
interest rates in the coming stages and acknowledging
all the negative risks that affect me. GDP growth

The minutes of the Federal Reserve, at its last meeting in July,
emphasized the importance of moving interest rates to restricted levels,
and this is evidence of levels high enough to slow economic growth.

The US dollar rises with the fall in gold prices

Where the US dollar index recorded a rise near the levels of 107 points during Thursday’s trading.
The yield on the 10-year US Treasury bond exceeded the levels of 2.9% to reach 2.91%.

As for gold, it fell slightly during today’s trading to below the levels of 1776 dollars an ounce,
after recording its highest price at 1781 dollars an ounce,
and thus gold fell for the third day in a row,
after losing 0.7% of its value, or the equivalent of 13 dollars,
after the issuance of minutes US Federal.

Unemployment data for this week

Today, investors are waiting for data on unemployment claims rates,
as well as the average job application in 4 weeks,
on which the US Federal Reserve relies a lot in
determining the strength of the labor market.

Federal Reserve Board Member Michelle Bowman stated
that the demand for workers remains strong.

She added that despite the presence of 4 million people
in the workforce before the pandemic outside the labor market,
we are still witnessing strong gains in terms of employment
and a decrease in unemployment rates.

artical name The dollar is at its top within 3 weeks and gold is back to fall

High inflation makes Bank of England expected to outpace Fed.

Bets still stand by traders and investors regarding the Bank of England’s key
interest rate and that it will outperform the Federal Reserve,
at a time when UK policy makers are working to confront high inflation.

Expectations indicate that the duration of Britain’s main borrowing
will be between one and three years from now,
which has exceeded its counterpart in the United States,
and investors are also expected that the Bank of England will work to intensify
the tightening cycle at a time when key interest rates reach their peak at 3.75% early in the year.
March, and stay there for several months before slowly resuming.

The big change in prices was mainly caused by the hotter-than-expected UK inflation
data on Wednesday, and we are also set to witness an acceleration in price
increases further amid the winter energy crisis,
this is the first time that UK futures prices for three years From now it is higher
than its counterparts in the United States since the beginning of the epidemic in early 2020.

The Bank of England started its hiking cycle three months earlier than the Fed,
but was quickly overtaken after Fed officials decided to raise interest rates at a faster pace,
and UK policy makers raised half a point for the first time in more than 25 years earlier this month.
The current bet is on continuing to tighten policy with this value in the next three meetings.

With so much pressure on energy cost prices,
the UK finds itself in a serious predicament due to its position as a net energy importer
and its proximity to the Ukraine war which has terribly affected supply in the whole region.
It is also certain that such moves will come amid weak markets
as the Lack of liquidity can cause more fluctuations in prices.

Finally, looking at after the three-year period,
market expectations indicate that the Fed rate will rise again
and higher than the Bank of England interest rates,
and this highlights the long-term weakness in the UK economy,
which will try to ease policy assuming that inflation It will eventually turn down.

artical name The dollar is at its top within 3 weeks and gold is back to fall

Facebook imposes a week-long ban on political ads ahead of congressional elections.

Meta, the company that owns the Facebook app,
has imposed a ban on political ads ahead of the 2022 US midterm elections,
in light of the increasing polarization within
the two major parties in the United States.

In a statement, the company clarified that the restriction period for advertisements
related to social issues, elections and politics will apply in the United States
in the week leading up to Election Day,
and that all new advertisements will be banned from November 1 to 8.

In the Meta report, it stated that it will implement this ban for a week,
and that it believes that the restriction period is useful in achieving
the right balance for election campaigns and providing additional time
for checking political ads in the ad library.

The company is trying to repeat its experience that it followed in the US presidential elections in 2020,
after it had been subjected to a fierce campaign of criticism after the 2016 elections,
after information was leaked before the elections on the “Facebook” platform,
which is believed to be the main reason for the victory of former President “Donald Trump.”

artical name The dollar is at its top within 3 weeks and gold is back to fall

Apple prepares to launch iPhone 14 on September 7

The technology giant “Apple” is preparing to hold a big event to launch
its products on the 7th of next September to reveal
the latest versions of the iPhone “iPhone 14″.

And according to Bloomberg Agency,
the launch of the new iPhone mobile will be the start of many Apple products,
which will include devices such as “Mac” and “iPad” and three models of “Apple Watch”.

Reports indicate that Apple usually launches the iPhone in the markets
and stores a week and a half after its launch event,
and that the company has informed some stores of its readiness to receive
a new product from Apple on the 17th of next September.

artical name The dollar is at its top within 3 weeks and gold is back to fall

The dollar is at its top within 3 weeks and gold is back to fall

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