Federal Reserve (FED) news

The Federal Reserve (FED) is the central banking system in the US. It manages monetary policy to maintain price stability and promote maximum employment. It primarily uses the federal funds rate and open market operations to influence interest rates and the money supply, impacting the US economy and global markets. It also provides forward guidance to shape market expectations.

Gold (XAU/USD) Technical: Bullish acceleration supported rising implied volatility

Gold (XAU/USD) has broken above its four-month range resistance at US$3,435, closing at US$3,447 on 29 Aug and extending gains to US$3,476 on 1 Sep. Supported by rising implied volatility (GVZ) and bullish MACD signals, the yellow metal has entered a potential acceleration phase. A break above US$3,500 could open the way toward US$3,520–3,548, while US$3,451 remains the key short-term support.

02-09-2025 04:04 GMT by Kelvin Wong

Australian dollar extends gains, hits three-week high

The Australian dollar has extended its gains on Monday against the greenback. China's manufacuturing PMI contracted for a fifth straight month and that could hurt the Australian dollar. In th US, core PCE crept higher to 2.9% from 2.8%.

01-09-2025 15:15 GMT by Kenneth Fisher