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At the 2024 Jackson Hole Global Central Bank Annual Meeting, Federal Reserve Chairman Jerome Powell's speech provided the market with important clues about the future direction of U.S. monetary policy, emphasizing that the current moment is an appropriate time for monetary policy adjustments and expressing confidence in the return of inflation to the 2% target. Although he remains optimistic about the stability of the job market and the resilience of the economy, he also cautioned the market tha
Fed Chair Powell signals upcoming rate cuts, driving bond market speculation and influencing global markets. Asian stocks rise, while yen strengthens due to safe-haven demand. Meanwhile, Australia's central bank faces skepticism over its tightening stance.
Bitcoin traded above $60,000 on Friday, gaining over 4% this week but staying within a $57,000 to $62,000 range for the past 15 days. On-chain data reveals mixed signals, with institutions accumulating while some large holders are selling. Inflows into US spot Bitcoin ETFs and potential volatility from ongoing Mt.Gox fund movements could impact Bitcoin's price in the coming days.
Powell's “Loudest interest rate cut” at his annual meeting in Hall, John Hughlings Jackson, was that the time had come for a change in policy and increased confidence in a return to 2 per cent inflation. Does not seek or welcome further cooling of the labour market. The chances of the Fed cutting rates by 50bp in September have risen since Powell's speech, with the rate cut of nearly 100bp remaining stable towards the end of the year. Fed mouthpiece says Powell's turnaround is complete. Interest
Market Review | August 26, 2024
Market Review | August 26, 2024
In conclusion, while it is theoretically possible to make $1 million at once in forex trading, achieving such a remarkable feat requires exceptional expertise, meticulous risk management, and a deep understanding of the complexities of the market. Aspiring traders should approach forex trading with rational expectations, a focus on continuous improvement, and an emphasis on preserving capital as the foundation for long-term success in this dynamic and challenging market.
Each type of account is tailored to meet the diverse needs and preferences of traders, ensuring that there's an option suitable for every level of expertise and trading style with Giraffe Markets.
FBS is thrilled to announce our participation in two major financial events in Asia – iFX Expo Asia 2024 and Traders Fair Davao!
Kamala Harris makes history at the Democratic National Convention, while global markets react to central bank policies and geopolitical developments. Alibaba's listing upgrade and Japan's currency movements highlight Asia's financial dynamics. Meanwhile, Russia faces military and economic challenges as Ukraine escalates attacks. Key market players like Uber and Canadian rail companies respond to industry disruptions.
As the U.S. election approaches, the Federal Reserve faces complex challenges in formulating monetary policy. Kansas City Fed Chairman Schmid emphasizes the importance of needing more economic data before making interest rate cut decisions, while Boston Fed Chairman Collins and Philadelphia Fed Chairman Harker believe that interest rate cuts should start as soon as possible. Adam Posen, President of the Peterson Institute for International Economics, points out that Federal Reserve Chairman Jero
On Thursday (August 22), the US dollar index broke away from its annual low and expanded its gains during the release of US PMI and existing home sales data, ultimately closing up 0.338% at 101.52.
JPY strengthened against the USD, pushing USD/JPY near 145.00, driven by strong inflation data and BoJ rate hike expectations. Japan's strong Q2 GDP growth added support. However, USD gains may be limited by expectations of a Fed rate cut in September.
The Bank of Japan (BoJ) remains on course with its monetary tightening policy, according to the BoJ Chief, following his hearing at the Japan Lower House.
AUS Global, a leading provider of forex and trading solutions, is delighted to announce the success of its participation in the HQ MENA Investment Expo held in Mumbai on August 17-18, 2024. As a Diamond Sponsor of this prestigious event, AUS Global had the opportunity to connect with a wide audience of investors and industry professionals, further strengthening its position in the Indian market.
The initial value of the US S&P Global Manufacturing PMI in August was 48, which was lower than expected and the lowest in 8 months; the service PMI was 55.2, which exceeded the expected 54. The number of initial jobless claims in the week ending August 17 was 232,000, slightly higher than expected, and the previous value was revised from 227,000 to 228,000. Existing home sales in July increased for the first time in five months. The PMI data was lower than expected, which was bad for the US eco
Market Review | August 23, 2024
Market Review | August 23, 2024
The U.S. Conference Board Consumer Confidence Index rose to 100.3 in July 2024, up from a revised 97.8 in June. For Q2 2024, the U.S. GDP grew at an annualized rate of 2.8% in a preliminary reading, a notable increase from the 1.4% growth in Q1 2024. The Eurozone's annual Consumer Price Index (CPI) rose to 2.6% in July 2024, up from 2.5% in June. This slight increase was driven mainly by a jump in energy prices, which rose by 1.3% compared to 0.2% in the previous month. The US Core PCE which...
FPG Fortune Prime Global's Sister Company, FPG Property, Undertakes the $150 Million AUD Parklife Doveton Project.