Tag Archives: Policy
Gold Steady as Middle East Tensions Rise, US Data in Focus
Gold prices remained steady at $2,659.05 per ounce on Thursday, as traders focused on growing turmoil in the Middle East and awaited key U.S. economic data that could influence interest rate expectations. -vtmarkets.com
Nikkei Hits 3-Week High on Wall Street Gains and BOJ Dovishness
Key points: The Nikkei climbed to a three-week high as trading resumed after a long holiday weekend in Japan. Boosted by Wall Street’s performance overnight, the Nikkei surged by 1.5%, reaching 38,293.34 in early trading. Earlier in the session, it touched 38,338.65, its highest point since September 3. Picture: Nikkei trading at 38033.85 on theContinue Reading
Traders focus on data, elections, and earnings after Fed rate cut
The Federal Reserve’s decision to cut rates by 50 basis points sent the benchmark S&P 500 to its first closing all-time high in two months. So far, the index has gained 0.8% in September, a month historically known for weaker performance in equities. -vtmarkets.com
Dow Jones hits record high as Fed rate cut decision is anticipated
Dow Jones Industrial Average hits all-time high as investors anticipate a major Fed rate cut. Markets are betting on a 50-basis-point reduction. -vtmarkets.com
Gold remains stable as markets await Fed decision
Gold prices held their ground early Wednesday as the market remains on alert for the outcome of the Federal Reserve’s meeting later in the day. -vtmarkets.com
Week ahead: Possible ECB rate cut takes spotlight
This week, the U.S. Federal Reserve and the European Central Bank (ECB) are at the centre of attention, with both poised to take key steps in monetary policy amidst a softening labour market and stubborn inflationary pressures. -vtmarkets.com
Week ahead: Uncertain markets brace for employment data
The U.S. economy continues to send mixed signals as it approaches a key juncture in its monetary policy. This is the case despite the news leaning positive last week. Latest data from the Bureau of Economic Analysis has printed a positive revision of the GDP growth rate for Q2 2024, up to 3% from the initial 1.3%. -vtmarkets.com
Gold prices rise as Fed signals rate cut in September
Gold prices extended their gains as dovish signals from the Federal Reserve Chair boosted expectations for an interest rate cut in September. Discover how these developments may impact the market and traders in the short term -vtmarkets.com
Soybean and corn prices rise on strong demand signals and crop tour insights
Key points: Soybean and corn futures on the Chicago Board of Trade (CBOT) ticked higher on Wednesday as signs of stronger demand and positive yield forecasts from the ongoing Pro Farmer crop tour lent support to prices. The most-active soybean contract rose 0.2% to $9.77-1/2 a bushel, while corn edged up 0.4% to $3.99-3/4 aContinue Reading
Dollar hits seven-month low on rate cut expectations; Powell’s speech in spotlight
On Tuesday, the U.S. dollar hovered near its lowest point in seven months, driven by increasing expectations that the Federal Reserve may begin cutting interest rates as soon as next month.
