The Dow Jones rallied to 41,200.00 after Fed officials agreed its time to cut rates. Equities have immediately moved on to guessing how many rate cuts in 2024. Rate markets see 100 bps in cuts by 2024 year-end. The Dow Jones Industrial Average (DJIA) lurched over 400 points higher on Friday after the Federal Reserve…
United States Baker Hughes US Oil Rig Count unchanged at 483 Source link
JOHANNESBURG (Reuters) -The South African rand jumped on Friday, after comments by Federal Reserve Chair Jerome Powell signalled an interest rate cut next month. At 1520 GMT, the rand traded at 17.71 against the dollar, 1.82% stronger than its previous close. “The time has come for policy to adjust. The direction of travel is clear,…
In the dynamic world of Forex markets, central bank policies play a crucial role in shaping currency valuation and influencing trading strategies. Understanding how these policies impact the Forex landscape is essential for traders aiming for success. Central bank policies, particularly monetary policy decisions, directly affect interest rates, which in turn drive currency movements. Traders…
Canada’s GDP report next week is expected to show further weakening in the Canadian economy. We expect a 1.4% (annualized rate) increase in GDP in Q2 – below Statistics Canada’s 2% preliminary estimate a month ago, and marking the 7th of the last 8 quarters of declining output on a per-capita basis. Growth in GDP…
(Reuters) – Sterling climbed to a more than two-year high on the dollar on Friday, on recent signs of strength in the UK economy and dovish comments from Federal Reserve Chair Jerome Powell that sent the dollar sliding against several global currencies. Britain’s pound jumped 0.7% to $1.3185, touching its highest since late March 2022….
MNDY stock has been rallying over the last several months, and its value is projected to increase even more. Consequently, some analysts advise purchasing its shares now, giving the stock a Buy rating. But why is the stock’s forecast so good? Let’s find out. Monday.com Ltd is a popular cloud-based platform that enables customers to…
The Canadian dollar is showing some strength on Friday. In the North American session, USD/CAD is trading at 1.3532 at the time of writing, down 0.60% on the day. The Canadian dollar is at its highest level since early April and is poised to post its third winning week in a row. Canada’s retail sales…
Euro Breaks Monthly Rule اليورو كسر قاعدة الشهرية Source link
Get the latest scoop on the week’s hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. The S&P 500 Index Approaches Historic High European Currencies Strengthened Ahead of the Jackson Hole Symposium Brent Oil Price…