The Dow closed higher following another winning session, breaking the 47k level.
Traders continue to evaluate the expectations of an interest rate cut in next month’s meeting.
Timestamps
DOW 00:25
SPX500 01:35
Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.
Event to watch out for today: 15:30 GMT+3. USD – Building Permits EURUSD: The Euro-dollar pair is building on the previous day’s late bounce from the 1.0950 area and gaining positive momentum during the Asian session on Friday. However, spot prices are unable to capitalize on this rise and are currently trading in the 1.0975-1.0980…
The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.75%. Analysts at Apollo Global Management, in their Economic Outlook, predict:→ In 2025,…
Investing.com — Citi has placed Nvidia (NASDAQ:) on a 90-day Upside Catalyst Watch ahead of CES in January 2025. The bank anticipates key announcements from Nvidia during the event, including updates on its Blackwell product line, improvements in gross margins, and growth opportunities in AI-driven industrial and robotics applications. Citi noted that Nvidia delivered a “beat…
Dow Jones – 22.11.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
China January CPI 0.5% y/y, highest level in five months expected 0.4%, prior 0.1% core was 0.6% y/y, from 0.4% in December the m/m was 0.7% (expected 0.8%, prior 0.0%) PPI -2.3% y/y, deflation continued expected -2.1%, prior -2.3% *** China’s consumer inflation accelerated in January, reaching its highest level in five months, while producer…
AI supports Indices, No for selling. Data: 🟦 Global Rates & Sovereign Yields | Long-end extends rise, curve mildly steepens United States (UST):2Y ~3.56% | 5Y ~3.85% | 10Y ~4.22–4.25% | 30Y ~4.82–4.87% Treasury yields advanced further as markets continued repricing Fed easing expectations amid firm macro data and sticky inflation components. United Kingdom:10Y Gilt ~4.52–4.58%,…