Goldman Sachs raised odds of March Fed rate hike to 60%

Following the hawkish comments from Fed officials Kaplan, William and Dudley, analysts at Goldman Sachs increased the probability of a March Fed rate hike to 60% versus 30% seen previously.  

At the same time, Goldman Sacks lowered the chance of a May hike to 10% (from 20%) and June to 25% (from 40%), Bloomberg reported.

Dollar Index drops to 50-DMA as Trump is still in “campaign mode”

The Dollar Index (DXY) dropped to 50-DMA support of 101.23 as Trump outlined policy plans, but did not shed light on the details, thus making the spee
Read more Previous

Gold trims losses as dollar weakens

Trump’s “high on rhetoric, low on substance” speech weakened the US dollar, thus helping gold recover from the session low of $1242 to $1246 levels.
Read more Next