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15 November 2024,02:26

Awards

Dow Jones Reach New High on 

15 November 2024, 02:26

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Market Summary

The U.S. dollar extended its rally, reaching a four-month high after Trump’s presidential election victory. However, a pivotal test awaits on Wednesday with the release of U.S. CPI data, which could significantly impact the dollar’s trajectory. Wall Street remained robust, with the Dow Jones hitting an all-time high of 44,484 in yesterday’s session. Reflecting the trend seen post-Trump’s 2016 win, when Wall Street rallied for a year, optimism in the equity markets is notably high.

The digital asset market is also riding a wave of optimism, with Bitcoin surging nearly 10% in the last session and approaching the $90,000 mark. Conversely, safe-haven gold continues to face selling pressure, approaching its October low around $2,605. Oil prices, meanwhile, have been pressured to recent lows following a disappointing Chinese stimulus package and continued underwhelming economic data from China, which has raised concerns about demand.


Current rate hike bets on 18th December Fed interest rate decision

Source: CME Fedwatch Tool

0 bps (32.2%) VS -25 bps (67.8%) 

Market Overview

Market Overview 12112024

Economic Calendar

(MT4 System Time)

ECONOMIC CALENDAR 12112024

Source: MQL5 

Market Movements

DXY 12112024

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