Jerome Powell, Chairman of the Federal Reserve Board of Governors, said on Wednesday that he feels comfortable with the current stance of monetary policy and where it currently is, stressing that the US economy has been performing very well recently.Powell added: “The institutional relationship between the Fed and the US …
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Wednesday’s Recap and Thursday’s Outlook The US Dollar weakened on Wednesday as Treasury yields declined and Federal Reserve Chair Powell’s comments at the New York Times event did so little to provide significant market impact.Key Economic Events To Watch: • US: Balance of Trade, Initial Jobless Claims, Challenger Job Cuts, …
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Gold prices experienced a modest uptick on Wednesday, buoyed by a combination of economic indicators and geopolitical tensions. The precious metal gained traction after the release of the ADP Employment Report, which showed a slower-than-anticipated pace of US private job growth in November. This suggests a potential slowdown in economic …
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The EUR/USD pair has managed to recover slightly, climbing to 1.0530 as buyers took advantage of recent declines. However, the overall technical picture remains bearish.Key factors influencing the pair’s direction:20-day SMA Resistance: The 20-day Simple Moving Average continues to act as a significant resistance level. Breaking above this level could …
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Bitcoin price has staged a recovery, trading above $96,000 on Wednesday, following a dip triggered by the declaration of martial law in South Korea. As the crisis quickly subsided, investor confidence returned, and BTC prices rebounded.Institutional Buying and Retail InterestOn-chain data reveals that institutional investors capitalized on the recent price …
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On Tuesday, US stocks experienced mixed movements as investors processed fresh jobs data and commentary from Federal Reserve officials on the future of interest rates. The stock market’s response was reflective of the nuanced economic signals received throughout the day.The S&P 500 remained close to its previous levels, showing little …
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Powell’s Speech and Labor Data to Shape the Market’s DirectionThe US Dollar Index (DXY) retreated slightly from its recent gains on Tuesday, as investors digested mixed economic signals and awaited crucial data releases. The market’s focus remains on Federal Reserve Chair Jerome Powell’s speech and key labor market data, which …
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Federal Reserve Board of Governors member Adrianna Kugler hit the wires on Tuesday, reiterating her position that the Fed’s progress on inflation is still underway, noting that the Fed isn’t going to concern itself from possible policy changes under incoming President Donald Trump in the months to come.Key QuotesCurrent Fed …
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A Shift in the Monetary Landscape The global currency and commodity markets experienced a significant shift this week as expectations for a Federal Reserve rate cut intensified. The US dollar, long considered a safe-haven asset, weakened as investors sought opportunities in other currencies and commodities.Fed’s Dovish TurnA key catalyst for …
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The Federal Reserve is poised to once again wield its monetary policy tools to navigate a complex economic landscape. With growing concerns about inflation and a potentially softening labor market, a December interest rate cut appears increasingly likely. This decision will be a delicate balancing act, aimed at fostering economic …
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