Despite a decline in core PCE numbers, hawkish comments from Fed policymakers cast doubt on a September rate cut. The first half of 2024 saw a widening gap between growth and value stocks, with the former outperforming the S&P 500. Concerns over central bank policy divergence and a weakening Yen add to market uncertainty. The […]
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Daily Pivots: (S1) 0.8986; (P) 0.9016; (R1) 0.9057; More… Intraday bias in USD/CHF remains on the upside for the moment. Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Sustained trading Read more…
Dollar surged across the board overnight and stayed firm in Asian session, fueled by the strong rally in benchmark US Treasury yields. This rally is partly attributed to rising expectations of a Donald Trump victory Read more…
Minutes of RBA’s June meeting emphasize the need to remain “vigilant to upside risks to inflation”. The RBA noted that the information received since the previous meeting reinforced this need, underscoring the “extent of uncertainty” Read more…