Monthly Archives: December 2024
All Eye on Today’s FOMC Interest Rate Decisio
Written on December 29, 2024 at 11:47 pm, by
Market Summary Ahead of the Fed’s interest rate decision today, the U.S. dollar maintained its recent high levels, while Wall Street faced downside risk. This market sentiment was largely driven by the U.S. retail sales data, which came in higher-than-expected and reinforced hawkish expectations for the Fed’s upcoming decision. Among the major currencies, the PoundContinue Reading
Euro Weigh on Eurozone Political Uncertainty
Written on December 29, 2024 at 11:46 pm, by
Market Summary The U.S. dollar remained stable in yesterday’s session ahead of the Fed’s interest rate decision, which is scheduled for tomorrow. The market widely expects a 25 basis points rate cut, which has already been priced in. However, traders are closely watching today’s U.S. Retail Sales data to gauge the strength of the dollar.Continue Reading
Euro Weigh on Eurozone Political Uncertainty
Written on December 29, 2024 at 11:46 pm, by
Market Summary The U.S. dollar remained stable in yesterday’s session ahead of the Fed’s interest rate decision, which is scheduled for tomorrow. The market widely expects a 25 basis points rate cut, which has already been priced in. However, traders are closely watching today’s U.S. Retail Sales data to gauge the strength of the dollar.Continue Reading
