Monthly Archives: September 2024
All Eyes on Fed’s Policy Today
Written on September 18, 2024 at 11:14 pm, by
Market Summary The financial spotlight today is on the FOMC interest rate decision and Jerome Powell’s speech, both highly anticipated by global markets. The futures and bond markets are positioning for a larger-than-usual rate cut, exceeding the standard 25 bps. As speculation of this larger cut grows, the U.S. dollar has continued to weaken, whileContinue Reading
Dollar Under Pressure: Is a 50 bps Rate Cut on the Horizon?
Written on September 18, 2024 at 11:12 pm, by
Market Summary The US Dollar Index continues to extend its losses, hovering near strong support levels ahead of the Federal Reserve’s crucial monetary policy meeting this week. With market expectations leaning towards a rate cut, investors are closely watching the Fed’s decision, as nearly 41% anticipate a 50-basis-point reduction, according to the CME FedWatch Tool.Continue Reading
Dollar Ease While Gold Records All-time High
Written on September 18, 2024 at 11:10 pm, by
* The dollar eases to a weekly low while Wall Street gains ahead of Wednesday’s Fed interest rate decision. * Gold surged to an all-time high on the weakening dollar’s strength. * Oil prices ease in strength, hindered by lacklustre Chinese economic indicators. Market Summary U.S. Dollar (USD) has been under pressure due to growingContinue Reading
