Author name: Analyst

Federal Reserve Chair Jerome Powell reiterated the central bank’s intention to potentially lower interest rates this year, maintaining a cautious stance while assessing economic conditions. Powell emphasized that recent inflation figures had not significantly altered the overall economic landscape, providing a boost to risk assets. This affirmation suggests that concerns in markets about the economy’s strength potentially […]

Monday’s trading activity in the futures market suggests a potential shift towards a more hawkish sentiment regarding US interest rates. However, it’s important to note that expectations could evolve significantly as more data becomes available. The Institute for Supply Management’s manufacturing gauge climbed to 50.3 last month, indicating a halt to 16 consecutive months of contraction, albeit

The dollar edged slightly higher against its Group-of-10 counterparts, maintaining a marginal strength, while the offshore yuan saw minimal movement following renewed support from the People’s Bank of China. Meanwhile, the yen faced downward pressure, sliding to its lowest level against the dollar since 1990. This decline followed hawkish remarks from a Bank of Japan board

As traders brace for a flurry of risk events in the days ahead, caution prevails across global markets. A key focal point is the upcoming release of the US government’s personal consumption expenditures price index, scheduled for Good Friday, coinciding with the closure of local markets. The anticipation is further fueled by an address from Federal Reserve Chair

The offshore yuan strengthened as the US dollar softened and China’s central bank established a daily reference rate stronger than anticipated. These movements precede a week packed with crucial economic data, notably the release of the Federal Reserve’s preferred inflation measure due on Friday. Investors are keenly eyeing the core personal consumption expenditures (PCE) index, which excludes

The dollar exhibited strength against nearly all of its Group-of-10 counterparts and saw significant gains against select emerging-Asian currencies following an unexpected rate cut by the Swiss National Bank on Thursday. This move sparked speculation that other major central banks might accelerate their pace of policy rate reductions, surpassing the trajectory set by the Federal Reserve. Among

The price of gold surpassed the milestone of $2,200 per ounce for the first time following the Federal Reserve’s announcement maintaining its projection for three rate cuts this year, signaling a lack of concern over recent inflationary pressures. In early trading, gold soared by as much as 1.6%, reaching a record high of $2,220.89 per ounce,

Traders are intensifying their short positions on Treasury securities in anticipation of the Federal Reserve’s decision scheduled for later on Wednesday, with expectations leaning towards the central bank maintaining rates at their current level for the fifth consecutive meeting. All eyes are on the forthcoming summary of the Fed’s economic projections, which will unveil whether the persistently

The yen experienced a decline following the Bank of Japan’s announcement that it would persist in buying government bonds, despite ceasing the world’s last remaining negative rates policy and abandoning other unconventional measures, including yield curve control. Simultaneously, the Australian dollar appeared poised to reach its lowest level in approximately two weeks, while Australia’s stock market continued its upward