US Dollar Holding Post-FOMC Gains for Now, Gold Continues to Nudge Higher
US Fed Chair Jerome Powell poured water on a March rate cut at yesterday’s FOMC meeting but markets continue to price in an aggressive series of cuts for the rest of the year.
US Fed Chair Jerome Powell poured water on a March rate cut at yesterday’s FOMC meeting but markets continue to price in an aggressive series of cuts for the rest of the year.
This article dives into the technical outlook for gold and major FX pairs (EUR/USD, USD/JPY and GBP/USD) following the Fed monetary policy decision. The piece also offers an in-depth analysis of key price thresholds worth watching later this week.
Meta’s huge stock price surge has carried it to new record highs, helped along by a rise in active users and increased advertising revenues.
The Federal Reserve kept interest rates unchanged for the fourth consecutive meeting, but adopted a slightly more dovish outlook by removing its tightening bias from the monetary policy statement.
Apple is scheduled to report its first (Q1) earnings on Thursday, February 1, 2024.
GBP/USD received a lift despite trading lower against a number of other G7 currencies. US 2-year yields dropped resulting in a softer dollar ahead of the FOMC
German inflation fell to a two-and-a-half year low of 2.9% in January, preliminary data showed today, down from 3.7% in December.
The USD/JPY market is like all others focused on the Federal Reserve’s first interest-rate decision of the year.
Outlook on FTSE 100, CAC 40 and S&P 500 amid Fed and BoE meetings and as the remaining three of the ‘magnificent seven’ US stocks report their earnings tomorrow ahead of Friday’s US Non-Farm Payrolls.
Australian inflation cooled in Q4 helping lift the local index to a new all-time high. Continued disinflation reduces lingering suspicions of another hike, weighing on AUD