Monthly Archives: September 2024
41654156156All 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
Euro Gains As Fed Rate Cut Around The Corner
Written on September 18, 2024 at 2:13 am, by pumarketings
Fundamental Analysis * Rate Cut Countdown: The euro continues to strengthen against the U.S. dollar as growing market expectations of a significant Fed rate cut weigh on the greenback. Speculation of a larger cut intensified following softer-than-expected August Producer Price Index (PPI) data and media reports suggesting officials are open to such a move. AccordingContinue 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
