Monthly Archives: September 2024
Dollar Ease While Gold Records All-time High
Written on September 18, 2024 at 11:11 pm, by
* The dollar eases to a weekly low while Wall Street gains ahead of Wednesday’s Fed interest rate decision. * Gold surged to an all-time high on the weakening dollar’s strength. * Oil prices ease in strength, hindered by lacklustre Chinese economic indicators. Market Summary U.S. Dollar (USD) has been under pressure due to growingContinue Reading
Gold Records New All-time High
Written on September 18, 2024 at 11:10 pm, by
Market Summary Contrary to the U.S. inflation data (CPI) released on Wednesday, which showed price increases, the U.S. job data from yesterday suggested that the labour market is softening, reinforcing expectations of a Federal Reserve rate cut next week. The probability of a 50 bps rate cut rose sharply from 14% to 43% on theContinue Reading
Dollar Remain Strong on Upbeat CPI
Written on September 18, 2024 at 11:09 pm, by
Market Summary The U.S. CPI readings released last night exceeded market expectations, dispelling concerns about an economic contraction in the U.S. In response, Wall Street rallied, with the Nasdaq leading the gains, climbing over 350 points in the last session. In the bond market, swap traders are now fully pricing in a quarter-point rate cutContinue Reading
