Author: FX
UBS make the case that a Fed rate cut is anticipated, and has been for some time, given the ongoing decline in inflation pressures in the US. However, say analysts at the bank, a reduction of more than 25 basis points appears unlikely. Although the Fed is behind the curve in lowering rates, a more substantial cut could be perceived as a reactionary move.UBS conclude therefore that its more probable that we will see smaller, more frequent rate cuts rather than a larger one to kick off the cycle. —The times to watch on Tuesday, September 17, 2024:These are GMT.…
For seasoned forex traders, the allure of a trending market is undeniable. Price action surges and dips with captivating momentum, offering fertile ground for strategic entry and exit points. But what about those periods when the market seems to lull into a state of tranquility? Flat markets, characterized by price hovering within a narrow range, can leave even the most experienced trader feeling restless. This is where the Awesome Flat Market Detector MT4 Indicator steps in, acting as a valuable tool to navigate these periods of subdued volatility. Demystifying Flat Markets and the Need for Detection Let’s delve deeper into…
USD/JPY rebounds to near 140.80 in Tuesday’s early Asian session. The US Fed is widely expected to cut interest rates at the conclusion of its meeting Wednesday. Analysts see no change in rates at the BOJ meeting on Friday. The USD/JPY pair recovers some lost ground near 140.80, snapping the five-day losing streak during the early Asian session on Tuesday. However, the upside of the pair might be limited amid the growing expectation that the US Federal Reserve (Fed) will start its easing cycle at the September meeting. Later this week, the US Fed and the Bank of Japan (BoJ) monetary policy…
Goldman Sachs’ projections, citing Fed rate cuts as a key driver:end 2024 target 5600 points6-month target 570012-month target 6000 pointsGS expect the Federal Open Market Committee (FOMC) to cut by 200 basis points by the end of 2025-Last I have from GS is expecting a 25bp cut this week. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The Dow Jones cracked a fresh all-time high during Monday trading. Despite the upside stretch, equities remain tepid overall. Investors are buckling down for the wait to Wednesday’s Fed rate call. The Dow Jones Industrial Average (DJIA) clipped into another record intraday bid to kick off the new trading week. The largest equities on the New York Stock Exchange (NYSE) inched higher on Monday, ahead of Wednesday’s Federal Reserve (Fed) rate call, which is widely expected to be the Fed’s first rate cut since March of 2020. The Fed kicking off a new rate-cutting cycle on Wednesday is all but…
hapabapa Amazon (NASDAQ:AMZN) CEO Andy Jassy issued a letter to employees on Monday. One of the key pullouts was that the e-commerce giant expects workers to return to the pre-pandemic setup of being in the office five days a week. “We’ve observed that it’s easier for our teammates to learn, model, practice, and strengthen our culture; collaborating, brainstorming, and inventing are simpler and more effective; teaching and learning from one another are more seamless; and, teams tend to be better connected to one another,” wrote Jassy. “Before the pandemic, not everybody was in the office five days a week, every…
I could probably count a dozen instances in the past week or so of economists I respect saying the Fed should cut 50 basis points but probably will only cut 25 bps.At some point, that chorus grows so loud that it tips the balance. We’re likely at that point now with the Fed funds futures market pricing in a 61% chance of 50 bps.Powell is a practical guy and he has a dovish bent. He wants to nail the soft landing and he knows that rates are unnecessarily restrictive at 5.25-5.50%. Moreover, he appears to have Governor Waller on board…
The US Dollar off this Monday’s low with the US trading session set to kick off this week. All eyes on the Fed while NY Fed Manufacturing data turns positive. The US Dollar Index could sink lower as it tests the lower bound of August’s bandwidth. The US Dollar (USD) trades softer on Monday, slowly moving away from this Monday’s low after the NY Fed Manufacturing Index turn positive. The move comes after traders seem to become increasingly convinced that the US Federal Reserve (Fed) will opt on Wednesday for a big interest-rate cut. This adds even more importance to…
Hyzon (NASDAQ:HYZN) has announced the Start of Production of its innovative Class 8 200kW Fuel Cell Electric Truck. This milestone signals that through its collaboration with North Carolina-based Fontaine Modification, the company can now begin production of its 200kW FCET. The Class 8 200kW FCET features a single stack 200kW fuel cell system, which is 30% lighter and smaller, and 25% more cost-efficient than using two 110kW systems combined. “Today marks the beginning of a new chapter for ‘hard-to-decarbonize’ heavy-duty industries, as Hyzon sets the standard for high-performance, zero-emission alternatives to diesel,” said Hyzon CEO Parker Meeks. Source link
Investing.com — Global equities were net sold for the ninth straight week in the period between Sept. 6 to Sept. 12, according to analysts at Goldman Sachs. In a note to clients dated on Friday, the investment bank said gross trading flow also saw its largest increase in five months, “driven by short sales outpacing long buys.” Financials, healthcare, industrials, and communication services were the most net bought sectors, Goldman Sachs noted. Financials in particular saw their largest net buying since June 2023 after being net sold in seven of the last eight weeks. Information technology, staples, and consumer discretionary were…