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Daily Broad Market Recap – May 27, 2024
No major data points? No problem! Major forex pairs and asset classes still chalked up pretty good moves, despite U.K. and U.S. traders being out on a holiday. Read on to find out how the markets fared. Headlines: BOJ Governor Ueda: Central bank will proceed cautiously with inflation-targeting framework, as Japan “made progress in moving…
From Allies to Adversaries: The Timeline of Trump and Elon Musk’s Relationship
There has been much talk about the rupture of one of the most surprising relationships between the world’s richest man, Elon Musk, and US President Donald J. Trump. This story’s beginning comes from a significant surprise – Elon Musk, who shared and endorsed mostly Democratic ideas, made a U-turn in his approach and decided to…
Forex overview. ECB Shows Increased Sense of Urgency To Cut Rates Further – ForexNews.PRO
Following the European Central Bank’s decision to lower interest rates by 25 basis points, ECB President Christine Lagarde conveyed a heightened sense of concern during the subsequent press conference, citing persistent trade disputes and growing downward pressure on inflation. The ECB’s initial strategy, which began in June of the previous year and involved a carefully…
Mexican Peso tanks ahead of Banxico’s meeting
Mexican Peso declines as USD/MXN climbs over 1.80%, driven by expectations of further Banxico rate cuts. Cooling inflation in early September bolsters the case for a Banxico rate reduction at the September 26 meeting. Bloomberg survey: 20 of 25 analysts expect Banxico to cut 25 bps to 10.50%, with some predicting a 50 bps reduction….
Amazon (AMZN) Shares Rise Ahead of Earnings Report
Today, 31 July, Amazon is set to release its quarterly earnings after the close of the regular trading session. Available data show that Amazon (AMZN) shares are exhibiting bullish momentum, reflecting positive market expectations: → In July, AMZN shares have outperformed the S&P 500 index (US SPX 500 mini on FXOpen);→ Yesterday, following the end…
