Author: FX

Fundamental OverviewThe S&P 500 continues to maintain a positive outlook although it came under some pressure recently as the DeepSeek news weighed on overvalued AI stocks.The market has been making new highs ever since the last US inflation data as it marked the top in the repricing of rate cuts expectations and inflation fears. The Fed on Wednesday kept interest rates unchanged as widely expected and Fed Chair Powell maintained a neutral stance as they are waiting for more inflation progress and more clarity on Trump’s policies before cutting again.The market is now back in expecting two rate cuts by…

The Committee decided to maintain the target range for the Fed funds rate at 4.25-4.50% at the January meeting; the decision was unanimous, OCBC’s FX Frances Cheung and Christopher Wong analysts note. Current monetary policy is ‘meaningfully above the neutral rate'”The Statement was seen as carrying a hawkish tilt on two fronts: 1/It dropped the reference that ‘inflation has made progress towards the Committee’s 2 percent objective’; and 2/ it also dropped the assessment that ‘the labor market conditions have generally eased’. Powell sounded more dovish at the post-meeting press conference, saying the economy is strong overall, and ‘has made…

GE HealthCare invests $138M in Cork, Ireland manufacturing facility Source link

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…