Yearly Archives: 2024
41654156156USD/CAD Soars Post Fed Rate Decision
Written on September 19, 2024 at 2:06 am, by pumarketings
Fundamental Analysis * First Cut: USD/CAD have surged during the Asian session following the Fed’s interest rate decision, which triggered significant market volatility. The Federal Open Market Committee (FOMC) reduced the federal funds rate to a range of 4.75% to 5%, marking the Fed’s first rate cut in over four years. In a press conferenceContinue Reading
All Eyes on Fed’s Policy Today
Written on September 18, 2024 at 5:41 am, by pumarketings
Market Summary The financial spotlight today is on the FOMC interest rate decision and Jerome Powell’s speech, both highly anticipated by global markets. The futures and bond markets are positioning for a larger-than-usual rate cut, exceeding the standard 25 bps. As speculation of this larger cut grows, the U.S. dollar has continued to weaken, whileContinue Reading
Euro Gains As Fed Rate Cut Around The Corner
Written on September 18, 2024 at 2:13 am, by pumarketings
Fundamental Analysis * Rate Cut Countdown: The euro continues to strengthen against the U.S. dollar as growing market expectations of a significant Fed rate cut weigh on the greenback. Speculation of a larger cut intensified following softer-than-expected August Producer Price Index (PPI) data and media reports suggesting officials are open to such a move. AccordingContinue Reading
