Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference. Key QuotesFed took another step in reducing policy restraint.The labour market remains solid.Inflation has eased substantially.I …
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In the unfolding 2024 U.S. presidential election, Donald Trump has taken a lead over Kamala Harris, securing wins in several critical battleground states. Current Standings As of 00:44 ET (05:44 GMT), the Associated Press reported: Trump: 230 electoral votes Harris: 210 electoral votes Trump clinched victories in North Carolina and …
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Before the FOMC event, the US election continues to receive the majority of market focus. Amid increased expectations ahead of the US election results and the next Fed meeting, the US dollar was mostly defensive on Tuesday, falling to three-week lows. What you need to know on Wednesday, November 6:Despite …
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Tuesday saw a little increase in gold prices as investors prepared for political tensions following surveys that indicated Donald Trump and Kamala Harris were tied for the U.S. presidential election, which is likely to be a contentious outcome. The price of spot gold rose 0.2% to $2,740.96 per ounce. At …
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The presidential election results will begin to come in on Tuesday night after polls close throughout the country. However, in many key states, it may take a while to know who has won and much longer to get official, certified results. There are several reasons for this delay, including the …
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US Election Driving Market Sentiment WorldwideThe US Dollar Index (DXY) weakened early this week as investors unwound positions related to the “Trump trade” and grew cautious ahead of the US election on Tuesday and the FOMC meeting on Thursday.Key Currency Pairs and Economic Events:EUR/USD: The pair climbed above 1.0900, but …
Read More »Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and the member of the American Association of Technical Analysts, highlighted that markets are closely watching the upcoming US presidential election.Financial Assets Most Likely Affected by a Potential Trump Victory Regarding the …
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The Dow Jones Industrial Average (DJIA) declined over 0.29% on Monday, as investors grapple with uncertainty surrounding the US presidential election and the Federal Reserve’s upcoming rate decision.Market Volatility and Election ConcernsRecent fluctuations in election polls have heightened market volatility. The CBOE Volatility Index (VIX) has surged above 20, indicating …
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The election has significant implications for Fed policy in 2025, with a Trump victory potentially ensuring a lower tax environment that boosts sentiment and spending in the near-term. However, promised tariffs, immigration controls, and higher borrowing costs will become headwinds through his presidential term. Conversely, a Harris victory implies continuity, …
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Preparing for Market Volatility Ahead of the US Election As the US election approaches, investors are bracing for potential market moves and fluctuations. Preparing for these shifts involves several strategic steps to mitigate risk and capitalize on opportunities.One of the most important strategies is portfolio diversification. By spreading investments across …
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