The Dow Jones climbed into 46,250 on Friday, adding another bullish day on the backend.Equities have risen after the Fed trimmed interest rates through the midweek.Coming up next week: PMI survey results and another round of PCE inflation data.The … [Continue reading]
Gold steadies above $3,650 on Fed outlook, US Dollar strength caps gains
Gold trades near $3,650 on Friday, snapping a two-day losing streak after the Fed’s interest rate cut.The US Dollar and Treasury yields extend post-Fed rebound as Powell’s tone proved less dovish than expected.Gold remains cushioned as markets … [Continue reading]
EUR/USD is set to climb back to the 1.1850 – ING
EUR/USD is expected to climb back to the 1.1850 handle in the coming days. Thursday morning’s rally in the pair shows momentum remains tilted to the bullish side, but also that the US jobs market data continues to have an outsized impact on USD … [Continue reading]
USD/CHF clings to gains near 0.7930 as US Dollar trades firmly
USD/CHF trades firmly near 0.7930 as the US Dollar holds onto a two-day recovery move.The Fed signaled two more interest rate cuts in the remainder of the year.Investors await the SNB’s monetary policy decision on Thursday.The USD/CHF pair holds onto … [Continue reading]
Bank of Japan expected to maintain interest rates unchanged at 0.5% in September
The Bank of Japan is widely expected to keep interest rates unchanged at 0.5% for the fifth consecutive meeting on Friday.The central bank is likely to wait for Japan’s political uncertainty to fade before hiking interest rates further.Markets will … [Continue reading]
Dow Jones Industrial Average leaks upward as tech rally drags equities higher
The Dow Jones took a meager step upward on Thursday, clawing into record highs.The tech sector is taking the biggest step, bolstered by the ongoing AI rally.The Fed’s rate cut and tease of more cuts to come has lifted investor sentiment.The Dow Jones … [Continue reading]
Australian Dollar Price Forecast: Minor support comes at 0.6530
AUD/USD added to Wednesday’s downtick, easing to five-day lows near 0.6600.The US Dollar gathered serious upside impulse following the Fed’s rate cut.The Australian labour market report failed to lend support to the Aussie.The Australian Dollar (AUD) … [Continue reading]
BoE keeps interest rate steady at 4% as expected
The Bank of England (BoE) left its benchmark interest rate unchanged at 4%, following the conclusion of the September monetary policy meeting on Thursday.The rate decision aligned with the market expectations.The voting composition showed the … [Continue reading]
USD/INR snaps four-day losing streak, Fed signals two more rate cuts
The Indian Rupee opens lower against the US Dollar after a four-day winning streak.The Fed reduced interest rates by 25 bps to 4.00%-4.25% and signaled two more this year.FIIs continue to sell equities in the Indian stock market.The Indian Rupee … [Continue reading]
Australia’s Unemployment Rate steadies at 4.2% in August vs. 4.2% expected
Australia’s Unemployment Rate steadied at 4.2% in August, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus of 4.2%.Furthermore, … [Continue reading]