EBC Daily Snapshot Sep 20, 2024

The yen rose as the BOJ showed optimism on growth and signaled cautious tightening, while the dollar fell on expectations of more US rate cuts.

Reglamento: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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EUR/USD Stabilises, Considers Trump’s Impact

EUR/USD Stabilises, Considers Trump’s Impact

EUR/USD is settling around 1.0785, assessing the market impact of this week's events. With Donald Trump’s return as US President, the market is recalibrating expectations around inflation and economic policies that his administration may reintroduce.
RoboForex | hace 2
Daily Global Market Update

Daily Global Market Update

Pound, Bitcoin, Oil, and Aussie Dollar surged, with positive technical indicators. Crypto optimism rises with Trump's re-election, while the Bank of England cut rates. Nvidia hit a record high, and key economic events like Japan's Coincident Index and US Consumer Sentiment are on the horizon.
Moneta Markets | hace 2
Dollar Decline on Fed Rate Cut

Dollar Decline on Fed Rate Cut

The market's focus was on the Fed's interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations.
PU Prime | hace 2
AUD Outlook: RBA Holds Firm on Rates Amid Economic Uncertainties

AUD Outlook: RBA Holds Firm on Rates Amid Economic Uncertainties

The Australian dollar (AUD) saw moderate gains, with the AUD/USD rate climbing above 0.6600 in recent overnight trading. This movement reflects cautious optimism as markets await the U.S. election outcome and closely monitor signals from the Reserve Bank of Australia (RBA) regarding future interest rate adjustments.
ACY Securities | hace 2