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Eyes on Today’s BoE Policy Decision
Market Summary The Federal Reserve’s monetary policy decision was announced yesterday, aligning with market expectations for a more aggressive rate cut. This bold move sparked significant volatility in the market, with the Dollar Index (DXY) fluctuating by over 1% during the event. However, as the rate cut had been largely priced in by the market,Continue Reading
Written on September 19, 2024 at 5:52 am
Categories: Daily Market Analysis
USD/CAD Soars Post Fed Rate Decision
Fundamental Analysis * First Cut: USD/CAD have surged during the Asian session following the Fed’s interest rate decision, which triggered significant market volatility. The Federal Open Market Committee (FOMC) reduced the federal funds rate to a range of 4.75% to 5%, marking the Fed’s first rate cut in over four years. In a press conferenceContinue Reading
Written on September 19, 2024 at 2:06 am
Categories: Trade Of The Day
All Eyes on Fed’s Policy Today
Market Summary The financial spotlight today is on the FOMC interest rate decision and Jerome Powell’s speech, both highly anticipated by global markets. The futures and bond markets are positioning for a larger-than-usual rate cut, exceeding the standard 25 bps. As speculation of this larger cut grows, the U.S. dollar has continued to weaken, whileContinue Reading
Written on September 18, 2024 at 5:41 am
Categories: Daily Market Analysis
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