Dollar awaits PCE release; sterling on course for quarterly gain

Dollar awaits PCE release; sterling on course for quarterly gain
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Dollar awaits PCE release; sterling on course for quarterly gain
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The past week marked one of the most decisive turns for markets in months. Fed Chair Jerome Powell’s Jackson Hole speech was the clear catalyst, tilting Fed closer to easing and sparking a rally that lifted Wall Street to new highs. Dollar, by contrast, tumbled sharply. On the surface, Swiss Franc and Yen came out…
EUR/JPY retraces its recent gains registered in the previous session, trading around 181.00 during the European hours on Thursday. The currency cross is under pressure as the Japanese Yen (JPY) strengthens on renewed speculation of official intervention. With US markets closed for Thanksgiving, traders view the holiday period as a potential window for Japanese authorities…
The cryptocurrency market is witnessing a remarkable phenomenon as Dogecoin’s (DOGE) price continues its extraordinary ascent, reaching $0.3292 and becoming the sixth-largest crypto by market value. At the time of writing, this price action has created unprecedented excitement in the crypto space. The price of Dogecoin has shown exceptional strength in the past 24 hours,…
In today’s ever-evolving financial landscape, Forex account management has become a crucial tool for high-net-worth investors (HNIs) seeking to maximize profits while navigating the complexities of the forex market. With the rise of globalization and the interconnectedness of financial markets, managing a forex portfolio effectively can be a daunting task, especially for those with significant…
CFD broker STARTRADER has added 39 US-listed stocks and ETFs to its platform, covering several investment themes accessible to retail traders. The expansion cuts across sectors such as artificial intelligence, semiconductors, energy, digital assets, and space, reflecting areas that continue to attract strong institutional capital flows. The newly added instruments include companies linked to artificial…
Turkey’s central bank may hike rates to 40%, JPMorgan says Source link