Tag Archives: Policy
Gold holds steady as slowing inflation bolsters expectations of Fed rate cuts
Key points Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start cutting interest rates this year. Picture: Gold on the rise, trading at 2325.10 as seen on the VT Markets app. Spot gold rose 0.1% to $2,327.12 per ounce, as of 0202 GMT. PricesContinue Reading
Rupee likely to find support from expected inflows as US yields rise
Key points: The Indian rupee is anticipated to open slightly higher on Thursday, driven by expected inflows from the inclusion of Indian bonds in a major emerging market index. This inclusion, effective from June 28, is likely to attract passive fund inflows, providing support to the rupee. Picture: Indian rupee trading at 83.562 on theContinue Reading
Aussie rallies on inflation surprise and rate hike speculations
Key points The Australian dollar surged higher on Wednesday after data revealed that inflation accelerated much more than expected in May. This development impacted bonds as investors priced in a greater risk of another increase in interest rates. Inflation surges to 4.0% in MayThe monthly consumer price (CPI) report showed annual inflation rose to 4.0%Continue Reading
US dollar bullish in anticipation of the PCE inflation data release
Key points: The US dollar index (Symbol: USDX) is trading in a bullish momentum after two consecutive days of gains lifted its valuation. Broadly, the US dollar was off to a strong start this week as markets ramped up momentum across the board in anticipation of the upcoming personal consumption expenditures index (PCE), which willContinue Reading
Monetary Authority of Singapore (MAS) maintains monetary policy until year 2025
Key points: The Monetary Authority of Singapore (MAS) is projected to keep its monetary policy unchanged through 2025, driven by consistently high core inflation. Despite a downward trend in headline inflation, core inflation has remained around 3% since mid-2023. This elevated level of core inflation suggests that MAS will not alter its policy parameters thisContinue Reading
Canadian dollar holds steady close to one-week high after BoC minutes
Key points: The Canadian dollar held its ground against the U.S. dollar on Wednesday, maintaining near its one-week high. Investors were analyzing the minutes from the Bank of Canada’s (BoC) recent meeting while keeping an eye on the upcoming Canadian inflation data. See: Canadian dollar trading at 1.37125 as seen on the VT Markets app.Continue Reading
Week Ahead: Markets anticipate reports from central banks
The upcoming week is packed with key economic events that could significantly impact the markets. Here’s a detailed look at the key events to watch from 17th to 23rd June 2024, covering important announcements from China, Australia, the UK, and Japan. China to release key economic data in June China kicks off the week onContinue Reading
Gold prices tumble against strong US jobs data and rate cut uncertainty
Key points: Gold prices continued to tumble, weighed down by stronger-than-expected US nonfarm payrolls data. The yellow metal saw an observable drop, moving from $2,390 to $2,290 per ounce. The image above shows the how gold is under pressure, as observed on the VT Markets app. The nonfarm payrolls report for May revealed a substantialContinue Reading
Week ahead: FOMC maintains rates despite inflation easing
The Federal Open Market Committee (FOMC) chose to maintain the federal funds rate at its meeting on May 1, marking the sixth consecutive meeting without a change. This decision was influenced by earlier inflation data and robust job growth, which have so far prevented any policy easing. In recent months, the economic landscape has shownContinue Reading
S&P 500 and Nasdaq hit record highs on Fed easing hopes
Key points: On Wednesday, the S&P 500 and Nasdaq indexes soared to record closing highs, spurred by technology stocks. Economic data hinting at Federal Reserve easing measures provided additional momentum to the market. Picture: Bullish bias above 5338.00 for S&P500. Download the VT Markets app. Technology stocks led the charge, with the S5INFT sector seeingContinue Reading
