Monthly Archives: November 2024
Dow Jones Reach New High on Trump Victory
Written on November 18, 2024 at 7:22 am, by
Market Summary The U.S. dollar extended its rally, reaching a four-month high after Trump’s presidential election victory. However, a pivotal test awaits on Wednesday with the release of U.S. CPI data, which could significantly impact the dollar’s trajectory. Wall Street remained robust, with the Dow Jones hitting an all-time high of 44,484 in yesterday’s session.Continue Reading
Yen Eases on Dovish BoJ Monetary Policy Prospect
Written on November 18, 2024 at 7:21 am, by
Market Summary The U.S. dollar held steady following a recent sell-off driven by the Fed’s dovish monetary policy moves. The Fed is expected to align its actions with Trump’s policies, which could potentially elevate inflation, prompting the U.S. central bank to focus on mitigating inflationary risks. Meanwhile, the Japanese yen softened at the start ofContinue Reading
Dollar Decline on Fed Rate Cut
Written on November 18, 2024 at 7:21 am, by
Market Summary The market’s focus was on the Fed’s interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations. This rate cut weighed on the dollar, causing the Dollar Index to decline to a critical level near 104.30. Similarly, the BoE also implemented its firstContinue Reading
