The Federal Reserve is expected to begin cutting interest rates, The US dollar fell sharply yesterday Gold Returns Over $2,000
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WCG Markets:2023-12-14
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Tuesday, the U.S. CPI growth rate in November unexpectedly accelerated to hit the market's expectations of interest rate cuts, U.S. bond yields pulled up briefly during the session, medium- and long-term U.S. bond yields in the 30-year U.S. bond tender results were announced to turn back to the decline in the 10-year U.S. bond yields to close at 4.202%; on the Fed's policy rate is more sensitive to the yield of two-year U.S. debt to close at 4.735%. The U.S. dollar index set a new daily high
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WCG Markets:2023-12-13
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
At the end of the Asian market on Tuesday (December 12), the super week is coming. The market trading sentiment is cautious before the Fed meeting.
On Monday, U.S. bond yields retraced their intraday gains after the 10-year U.S. note was marked down, with the 10-year yield closing at 4.237%; the two-year U.S. yield, which is more sensitive to Fed policy rates, closed at 4.71%. The dollar index stabilized above the 104 mark, eventually closing up 0.087% at 104.1. The yen fell more than 1% during the session as expectations of the Bank of Japan ending negative interest rates in December were dashed.
USD/CHF price action is subdued, as the US and Switzerland will feature monetary policy decisions by their central banks.
EURUSD has completed a decline wave to 1.0723. By now, the market has corrected to 1.0780. A consolidation range is forming under this level today. An escape from this range downwards to 1.0704 is expected. And with a breakout of this level downwards as well, the potential for a wave to 1.0626 could open. This is a local target.
The S&P 500 and Dow advanced to a new annual high on Monday, although gains were modest ahead of major market catalysts this week that include inflation readings and the Federal Reserve's policy announcement, which will shape investor expectations on the path of interest rates.
Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023.
The gold price has been giving up much of its recent highs despite positive forecasts. The metal made its way steadily downwards after hitting an all-time high at $2,150 per ounce during the Monday trading session in Asia. Previously, asset prices dropped to support of $2,000, which made most analytics turn bearish. At the same time, retail investors try to keep their heads cool and remain bullish.
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This week will be entirely devoted to the activities of central banks, mainly centred around their strategic decisions on borrowing costs. Investors will undoubtedly require both resilience and composure.
Inflation is a crucial economic indicator that significantly influences financial markets and trading strategies.
U.S. stocks closed higher on Monday, with all three major indices reaching new highs for the year.