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GBP/USD Under Pressure Amid BoE Dovishness And Rising Market Volatility
Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: The Pound Sterling experienced significant bearish momentum following the Bank of England’s decision to cut interest rates by 25 basis points, down to 5.00%. Meanwhile, market volatility is rising ahead of the release of crucial Nonfarm Payrolls and Unemployment rate data, alongside escalating Middle EastContinue Reading
Written on August 2, 2024 at 2:12 am
Categories: Trade Of The Day
Tags: Trade Of The Day
Dovish Fed’s Statement Hammers Dollar
*Jerome Powell signalled for a potential September rate hike. *The Japanese Yen dropped below 150 against the U.S. dollar, following the BoJ’s monetary tightening policy implemented yesterday. *Gold gained more than 1.5% in the last session on heightened Middle East tension. Market Summary The highly anticipated Fed’s interest rate decision was disclosed yesterday, hammering theContinue Reading
Written on August 1, 2024 at 5:40 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
Will Gold Break Records Amid Fed Dovishness And Rising Tensions?
Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: Gold prices rebounded and extended their gains, driven by two major factors. First, the Federal Reserve’s dovish tone and hints at potential rate cuts bolstered demand for the non-yielding asset. Second, escalating tensions in the Middle East added to the safe-haven appeal of gold asContinue Reading
Written on August 1, 2024 at 1:26 am
Categories: Trade Of The Day
Tags: Trade Of The Day
Nasdaq Plummet Ahead Of Fed’s Interest Rate Decision
*The Japanese Yen strengthened ahead of the BoJ interest rate decision with the expectation of a monetary tightening policy. *Aussie dollars softened toward the April low as the CPI reading aligned with the market consensus. *Nasdaq weighed on the AI frenzy and closed 200 points lower yesterday ahead of the Fed’s interest rate decision. MarketContinue Reading
Written on July 31, 2024 at 5:42 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
Swiss Franc Rose Despite Positive U.S. Data, Rate Cut Pressure
Fundamental Analysis * Swiss Defiance: The Swiss Franc strengthened against the dollar even with stronger-than-expected U.S. economic data, as investors remained focused on the potential for a Federal Reserve rate cut. The Conference Board’s Consumer Confidence Index rose to 100.30 in July from a revised 97.8 in June, reflecting a modest improvement in U.S. consumerContinue Reading
Written on July 31, 2024 at 2:43 am
Categories: Trade Of The Day
Tags: Trade Of The Day
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