Yearly Archives: 2024
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 11:11 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
Gold Records New All-time High

Written on September 18, 2024 at 11:10 pm, by
Market Summary Contrary to the U.S. inflation data (CPI) released on Wednesday, which showed price increases, the U.S. job data from yesterday suggested that the labour market is softening, reinforcing expectations of a Federal Reserve rate cut next week. The probability of a 50 bps rate cut rose sharply from 14% to 43% on theContinue Reading