Monthly Archives: November 2024
Countdown to Chaos? U.S. Election Set to Rock Markets
Written on November 1, 2024 at 7:03 am, by
Tuesday, 5 November 2024, 05.30 – RBA Interest Rate Decision (Nov) The latest update from the Reserve Bank of Australia (RBA) shows that rates were held steady at 4.35% for the seventh meeting in a row in September, reflecting its cautious approach amid mixed economic signals. Under the leadership of Governor Michele Bullock, the RBAContinue Reading
Dollar Pauses as Jobs Data Looms
Written on November 1, 2024 at 6:56 am, by
Market Summary Despite strong U.S. economic data, the U.S. dollar saw a slight retreat as investors await the upcoming U.S. election and Nonfarm Payrolls report. Resilient figures, including a stable Core PCE Price Index at 2.70% and reduced Initial Jobless Claims (216K), highlight steady U.S. economic strength, which may influence future dollar trends. The EuroContinue Reading
Dollar Pauses as Jobs Data Looms
Written on November 1, 2024 at 6:56 am, by
Market Summary Despite strong U.S. economic data, the U.S. dollar saw a slight retreat as investors await the upcoming U.S. election and Nonfarm Payrolls report. Resilient figures, including a stable Core PCE Price Index at 2.70% and reduced Initial Jobless Claims (216K), highlight steady U.S. economic strength, which may influence future dollar trends. The EuroContinue Reading