Fed set to deliver third-straight interest rate cut
The Federal Reserve is poised to deliver its third consecutive interest rate cut this year as it grapples with persistent economic uncertainties. Analysts predict that the central bank’s decision, expected during its upcoming policy meeting, reflects ongoing concerns about inflationary pressures and labor market dynamics. The move could lower the federal funds rate by another […]
Japanese Yen bears have the upper hand ahead of key central bank event risks
The Japanese Yen is under pressure as investors adopt a cautious stance ahead of key central bank events that could drive market volatility. Traders are closely monitoring the Bank of Japan’s next policy moves, with speculation growing around potential shifts in monetary strategy. Recent weakening of the Yen reflects expectations that Japan’s ultra-loose monetary policy […]
China may keep trying to spur consumption without big stimulus
China is likely to pursue smaller-scale measures to boost consumer spending rather than resorting to sweeping economic stimulus. Despite concerns over slowing growth, Beijing remains cautious about significant interventions that could strain its financial system. Policymakers are exploring targeted incentives, focusing on areas like automobile and home appliance purchases to encourage domestic consumption without escalating […]
Oil holds decline as poor China economic data weighs on outlook
Oil prices continued to slide on Monday, driven by the latest disappointing economic data from China. Both Brent and West Texas Intermediate (WTI) crude futures saw declines, with investors reacting to the weaker-than-expected growth figures coming from the world’s second-largest economy. The poor data, which showed a slowdown in industrial production and retail sales, raised […]
Dollar supported as bets on 2025 rate cuts evaporate
The U.S. dollar strengthened on Monday, gaining ground against a basket of major currencies as market expectations for rate cuts in 2025 continue to diminish. The shift comes after the Federal Reserve signaled its intent to keep interest rates elevated for a longer period in response to resilient inflation. Traders are now recalibrating their forecasts, […]
EUR/GBP extends losses as UK jobs data boosts pound
EUR/GBP continues its decline, extending losses to around 0.8250 following the release of the UK employment data. The Pound Sterling (GBP) gained strength as the UK labor market showed resilience, with the unemployment rate holding steady at 4.3% and jobless claims falling unexpectedly. However, employment growth slowed, adding only 173,000 new workers, down from the […]
Gold steadies as traders look to final Fed meeting of the year
Gold prices steadied on Monday as investors awaited the Federal Reserve’s final meeting of the year. The yellow metal hovered around $1,980 per ounce, reflecting cautious optimism among market participants ahead of the central bank’s policy decision. The Federal Reserve’s expected commentary on inflation and interest rates is likely to be a key driver for […]
US dollar index climbs ahead of US retail sales
The US dollar index (DXY) trades with mild gains to around 106.90 in Tuesday’s early European session as markets await key US Retail Sales data and the Federal Reserve’s policy decision later this week. The Federal Reserve (Fed) is widely expected to cut interest rates by 25 basis points during its two-day meeting ending Wednesday, […]
Gold price steadies near $2,650 as markets await fed policy clues
Gold price hovers near $2,650 on Tuesday as traders remain cautious ahead of the Federal Reserve’s highly-anticipated policy decision. The precious metal struggles to gain traction amid expectations of a 25 basis points rate cut, with investors seeking further clarity from Fed Chair Jerome Powell’s comments and the updated dot plot. A hawkish tone from […]
Japan’s Akazawa: BoJ will conduct monetary policy appropriately
Japan’s ruling party official, Akira Akazawa, reaffirmed on Wednesday that the Bank of Japan (BoJ) will take a measured approach in conducting monetary policy amid growing global uncertainties. Speaking at a policy discussion, Akazawa emphasized that the central bank remains committed to achieving sustainable price stability while ensuring economic growth remains on track. Akazawa’s remarks […]
