Author: FX
That’s one of the bolder forecasts I would say, even if being after the FOMC meeting decision this week. The Fed did alter their language in the statement a bit which may seem to look more “neutral”. However, Powell clarified that to say that they’re just “cleaning up” on their communique.Earlier this month, Barclays also pared back expectations in forecasting just one rate cut for the Fed for this year. Meanwhile, Goldman Sachs reaffirms that they still see two rate cuts by the Fed after the events this week. That of course comes after having revised that from three rate…
Gold prices remained broadly unchanged in Malaysia on Friday, according to data compiled by FXStreet. The price for Gold stood at 397.36 Malaysian Ringgits (MYR) per gram, broadly stable compared with the MYR 397.40 it cost on Thursday. The price for Gold was broadly steady at MYR 4,634.67 per tola from MYR 4,635.17 per tola a day earlier. Unit measure Gold Price in MYR 1 Gram 397.36 10 Grams 3,973.55 Tola 4,634.67 Troy Ounce 12,359.35 FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the…
The major assets traded mixed as traders priced in the ECB’s rate cut, Uncle Sam’s disappointing GDP, and threats of the U.S. imposing tariffs on Canadian and Mexican products. How did your favorite assets trade in the last trading sessions? We’re discussing the details below: Headlines: ANZ: New Zealand business confidence fell from 62.3 to 54.4 in January; Pricing and cost indicators lifted Australia import prices for Q4 2024: 0.2% q/q (1.5% forecast, -1.4% previous) France flash GDP for Q4 2024: -0.1% q/q (0.0% forecast, 0.4% previous) Switzerland trade surplus shrank from 6.11B CHF to 3.49B CHF (4.50B CHF forecast)…
Nissan, Honda to announce direction of possible integration by mid-Feb, Nissan says Source link
Many traders struggle to profit from forex news events. News trading can lead to big gains or losses in seconds. This guide shows how to use news trading strategies safely. Learn to trade forex news like a pro. Key Takeaways News trading uses economic data to profit from quick forex market moves after key announcements. Major news events like interest rates, jobs reports, and GDP data can cause big currency price swings. Common strategies include straddle trading, fading the news, breakout trading, and news reversal trading. Traders should use economic calendars, analyze market expectations, and set clear risk management rules.…
CIO of Global Fixed Income at BlackRock, Rick Rieder says that the Federal Reserve provided little clarity on the timing of future interest rate cuts in its latest policy statement and press conference on Wednesday. This is reinforcing expectations that rates will remain on hold for the coming months as policymakers assess incoming economic data.Rieder argues that despite market hopes for looser monetary policy, U.S. economic indicators—particularly labor market conditions—continue to show resilience, suggesting little need for further accommodation. December’s payroll report showed a robust 256,000 jobs added, while average hourly earnings climbed 3.9% year over year. Additionally, the latest…
The US Dollar traded with a tepid downside bias amid lower yields and further investors’ assessment of Wednesday’s hawkish hold by the Federal Reserve, while the release of Friday’s PCE also prompted some caution. Here is what you need to know on Friday, January 31: The US Dollar Index (DXY) remained inconclusive below the 108.00 mark and amid shrinking US yields. The publication of PCE figures will gather all the attention, seconded by Personal Income/Spending, the Chicago PMI, Employment Cost index and the speech by the Fed’s Bowman. EUR/USD hovered around the low-1.0400s, up slightly, after the ECB lowered its…
Bank of JapanMUFG sees more upside for the JPY as the BoJ continues to deliver hawkish policy signals. Deputy Governor Himino’s speech reinforced expectations of two more rate hikes this year, pushing USD/JPY lower toward 154.00.Key Points:BoJ Hawkish Signals:Himino stated that policy rates need to rise further if the BoJ’s economic outlook is realized.Emphasized that real rates remain significantly negative, even after the recent rate hike.Noted that it is “not normal” for real interest rates to stay clearly negative if deflationary shocks are resolved.Market Reaction:JPY strengthened, leading to USD/JPY falling closer to 154.00.Reinforces growing expectations that the BoJ could hike…
The Dow Jones Industrial Average treaded water near 44,800 on Thursday. Equities are tepid as markets digest recent developments and mixed earnings. US data split on Thursday, with better unemployment claims but lagging GDP growth. The Dow Jones Industrial Average (DJIA) churned on Thursday, marking in tracks around 44,700 but sticking close to the day’s opening bids. Equity markets are still digesting this week’s earnings reports from heavy-hitters like Microsoft (MSFT) and Tesla (TSLA), both of which missed the bottom line on fourth-quarter performance. Along with Microsoft and Tesla, Meta Platforms (META) was the third megacap tech company to report…
viper-zero/iStock Editorial via Getty ImagesShares of Oshkosh Corp (NYSE:OSK) were launched higher at Thursday’s open, slicing through resistances at the 50-, 100-, and 200-day moving averages on better-than-expected results for the fourth quarter and bullish guidance for FY25. Driven by revenue growth of nearly Source link