Yearly Archives: 2024
Eyes on Today’s BoE Policy Decision
Written on September 19, 2024 at 5:52 am, by pumarketings
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
All Eyes on Fed’s Policy Today
Written on September 18, 2024 at 5:41 am, by pumarketings
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
Dollar Under Pressure: Is a 50 bps Rate Cut on the Horizon?
Written on September 17, 2024 at 3:24 am, by pumarketings
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
