Market Update

The US Dollar continued its upward trajectory, reaching new multi-week highs. This surge was primarily driven by rising interest rates and growing speculation that the Federal Reserve might implement a 25 basis point interest rate cut in November. These developments occurred ahead of the highly anticipated release of the US …

Gold declined as Fed Minutes revealed a “substantial majority” backed a 50 bps cut, while some preferred 25 bps. CME FedWatch Tool shows lower odds of a 25 bps cut, down to 75.9%, with rising expectations for a rate pause. US 10-year Treasury yield rises to 4.062%, supporting the US …

Global stock markets and U.S. Treasury yields rose on Wednesday, following the release of minutes from the Federal Reserve’s September meeting. These minutes indicated that a “substantial majority” of Fed officials supported a larger-than-usual half-point rate cut to initiate a period of easier monetary policy. However, there was also a …

The Federal Reserve released minutes from its latest policy meeting on Wednesday, revealing a nuanced approach to monetary policy as the central bank navigates a complex economic landscape. While a majority of policymakers supported a 50 basis points (bps) reduction in the federal funds rate, the minutes also highlighted a …

The EUR/GBP pair trades around 0.8380, consolidating sideways and displaying no clear trend. In addition, the cross lost the 20-day Simple Moving Average (SMA) which might a downwards leg. The technical indicators present that the bulls are backing off. The Relative Strength Index (RSI) is at 46 in negative territory …

Yannis Stournaras, the governor of the Bank of Greece, has called for the European Central Bank (ECB) to accelerate its pace of interest rate cuts to prevent the Eurozone economy from suffering. He believes that the current “highly restrictive” rates pose a significant risk to economic growth.Stournaras, who is also …

The Federal Reserve (Fed) is set to release the minutes from its September 17-18 policy meeting on Wednesday at 18:00 GMT. The meeting marked a significant shift in monetary policy as the central bank cut interest rates by 50 basis points, the first reduction in over four years.While the market …

U.S. stock index futures edged lower early Wednesday, with Dow Jones Futures down 42 points (0.1%), S&P 500 Futures falling 7 points (0.1%), and Nasdaq 100 Futures slipping 40 points (0.2%). This follows Tuesday’s gains, driven by a surge in technology stocks, notably Nvidia, which rose 4%. Key Developments: Fed …

New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), reduced its cash rate by 50 basis points to 4.75% on Wednesday, aligning with market expectations. This marks the second consecutive rate cut, following a 25-basis-point reduction in August. Market Reactions The kiwi dollar dropped 0.9% to $0.6084, reaching …

European stock markets traded in a subdued manner on Wednesday as investor confidence was hit by ongoing conflict in the Middle East and market volatility in China. DAX (Germany): flatCAC 40 (France): down 0.1%FTSE 100 (U.K.): up 0.4% Concerns over China and Middle East Conflict European stocks were impacted by …