Investors remain cautious about the gloomy outlook for China’s economy & worry that the Fed has delayed easing monetary policy. Traders are anticipating at least 1 significant rate cut this year, ahead of the CPI report, which is expected to show modest inflation growth. Asia & European Sessions: Asian equities dropped for a 3rd consecutive … Read more
All global indices trade lower during Tuesday’s Asian and European Sessions. The VIX adds 2.30% throughout the day and US Bond Yields rise 15 points indicating a lower risk sentiment. Investors turn their attention to the US Presidential Debate which will take place today after the US stock market closes. Tomorrow’s US inflation rate will … Read more
Asia & European Sessions: Wall Street recovered slightly from Friday’s dip. Dip buying got the ball rolling and short covering has added to the bullish momentum. Expectations for a soft, rather than hard landing, with the FOMC expected to cut rates by only -25 bps rather than -50 bps have supported as well. The advent … Read more
The Pound hovers around $1.3125 at the start of September, having gained 2.1% in August, as expectations of monetary policy divergence between the US and the UK continue to favour the currency. Weak US economic data and Fed Chair Jerome Powell’s indications of potential rate cuts have weakened the dollar, while stronger UK economic data … Read more
EURUSD on Friday fell from a 1-week high and closed down -0.23%. The Dollar recovery weakened the euro, in addition to weaker than expected Eurozone economic news, weighing on the Euro. Eurozone Q2 GDP was revised lower and July German and French industrial production fell more than expected. However, the currency pair remains 3.4% higher, … Read more
The August jobs data did not provide the clarity on the rate outlook that had been hoped and left the markets to their own devices. Concurrently, comments from Fed Governor Waller left the door open for an aggressive -50 bps cut after he said he favored front-loading policy action, but stressed only if appropriate. Asia … Read more
US Job Vacancies drop to their lowest level in more than 3 years. The US Dollar Index declines. The best performing currency of the week is the Japanese Yen. Investors are turning to the only Central Bank which is not going to cut rates in 2024. The possibility of a 50-basis point rate cut increases, … Read more
Gold held near $2,500 an ounce on Thursday, as investors awaited a key US jobs report for further insight into the extent of the Federal Reserve’s interest rate cuts, which could reduce the opportunity cost of holding non-yielding gold. JOLTS data released on Wednesday showed a drop in the number of job openings to 2021 … Read more
The stock market witnesses its worst session since August 5th. The NASDAQ drops more than 3.00% as 80% of its stocks decline. The VIX rises more than 5% indicating a low risk appetite as investors fear lower consumer demand and the unwinding of certain hedge positions. The price of the Japanese Yen increases in value … Read more
Gold trades 16.00% higher in 2024 as economists predict the Federal Reserve will cut between 75 and 100-basis points. The price of Gold is at a clear trend line and rebounds at the opening of the European Trading Session. Economists advise that for Gold to continue to increase to $2,600 and above, the market would … Read more