The first interest rate cut in the USA is now expected in July 2024, pushed out from the June rate cut priced in before. The Fed’s updated economic outlook shows that the US economy has held up better than expected, with a modest cooling to 1.5% annual growth in 2024 …

US stocks experienced a fourth consecutive day of losses and even closed as one of the worst weeks since March 2023, with the Dow Jones dropping 0.31% to 33,963.84. The S&P 500 and Nasdaq slipped 0.23% and 0.09%, respectively. Ford ended the day up 1.9% after a source reported progress …

An obvious change in US bond yields, with the 10-year note coupon falling from a 16-year high of 4.51% to 4.44%, constitutes a key factor that causes gold prices to recover and gain 0.25%.The Fed’s decisionmakers were eager to convey a cautious stance, highlighting the need for a big deal …

The USD/JPY pair is recovering on Friday into the top end of the week’s trading. The Bank of Japan maintained its negative rate policy regime, as markets broadly expected.On the data front, the US PMIs came in mixed, capping any decisive moves for the US dollar. The USD/JPY is set …

Interviewed by Dubai TV, Mohammed Hashad, the Head of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented on a number of current market developments, most notably the following:(I) US Dollar’s Performance Interest rates have already been left unchanged by the US …

Further interest rate increases will likely be appropriate, with inflation still being too high, Federal Reserve Governor Michelle Bowman said on Friday, per Reuters.Bowman’s comments failed to trigger a noticeable market reaction and the US Dollar Index was last seen posting small daily losses at 105.36.Key Quotes“Fed policy will need …

The US Dollar Index finished marginally lower on Thursday after reaching 105.73, the highest level since March. The DXY pulled back during the American session amid a correction of the US Dollar and a pullback in US Treasury yields.Economic DataData from the US came in mixed, with a decline in …

S&P 500 firmly off course as US equities take a tumble on hawkish Fed.Equity indexes extending daily declines heading into Friday market session.US Treasury yields stepped higher as Fed sees rate higher for longer.The Standard & Poor’s (S&P) 500 continued its trip down the charts, sliding into $4,330.00 to end …

According to the latest data released by the Japan Statistics Bureau on Friday, the National Consumer Price Index (CPI) for August came in at 3.2% YoY from 3.3% in July. Further details unveil that the National CPI ex Fresh Food improved from 3.0% in July to 3.1% in August, whereas …

Spot gold drops 0.56% to $1919.74 as the Fed’s decision to maintain and revise rates upward pressures gold prices.US real yields hit a YTD high at 2.115%, which continues to be a significant headwind for Gold.Mixed US economic data and hawkish stances from other central banks globally add to the …