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Forex
Gold price stands tall near all-time peak amid dovish Fed expectations, bearish USD
Gold price trades with a mild positive bias and remains close to the all-time peak set on Wednesday.
Bets for more rate cuts by the Fed keep the USD bulls…
Japan’s Suzuki: Will continue to monitor, analyze impact of US rate cut on Japanese economy, financial markets
Japan’s Finance Minister Shunichi Suzuki said on Friday that he “will continue to monitor and analyze the impact of the latest US rate cut on the Japanese…
WTI softens below $71.00, ongoing geopolitical tensions might cap its downside
WTI price drifts lower to near $70.80 in Friday’s Asian session.
Ongoing Middle East geopolitical tensions, prospects of further Fed rate cuts this year…
Bank of Japan expected to stand pat, delaying further rate hikes towards year-end
The Bank of Japan is anticipated to maintain its policy rate unchanged.
Investors’ focus should remain on the bank’s rate path for the next few months.
BoJ…
EUR/USD grapples with higher ground as Fed cuts weigh on Greenback
EUR/USD wrapped itself around the 1.1150 level on Thursday.
Broad-market Greenback selling has thrown USD-based pairs into a bullish tilt.
Euro data…
US Dollar struggles as markets asses Fed cut
FOMC meeting ended with 50 bps interest rate cut to the 4.75%-5.00% range.
The Dot Plot suggests a gradual easing cycle that hints at three cuts in 2024.…
Dow Jones Industrial Average climbs 500 points in post-Fed splurge
The Dow Jones broke above 42,000 to set a third straight all-time high on Thursday.
Equities are firmly bullish after the Fed’s long-awaited rate cut this…
Gold price benefits from Fed’s cut, buyers eye $2,600
Gold prices surge following the Fed's 50 bps rate cut, with officials citing inflation moving toward the 2% target.
Fed Chair Powell signals labor market…
Forex Today: Will the BoJ surprise markets?
The Greenback could not sustain the optimism seen during the Asian trading hours, eventually surrendering that advance and ending the day with marked losses as…
Mexican Peso steady after Fed decision, market focus on Banxico
Mexican Peso holds firm despite Fed's 50 bps rate cut.
Fed projects federal funds rate at 4.4% for 2024, balancing price stability and employment goals.…