S&P 500 Outlook: Fed Rate Cut Speculation & Market Volatility | March 20, 2024
Navigating Uncertainty: Insights for Traders & Investors
WCG Markets:2024-03-20
WCG Markets:2024-03-20
MHMarkets：2024.03.19 MHM European Time Analysis
In the realm of foreign exchange, the U.S. dollar showcased strength against a basket of major currencies, with the dollar index reaching 103.60.
MHMarkets：March 19, 2024 Economic Highlights
On Monday, with previously released US economic data showing improvement, the market bet on the reduced possibility of a Fed rate cut in June. The US dollar index opened lower but rose throughout the day, ultimately closing up by 0.13% at 103.58. The yield on the benchmark 10-year US Treasury note closed at 4.3250%, while the 2-year US Treasury yield, most sensitive to Fed policy rates, closed at 4.7360%.
Market expectations for Fed rate cuts cooling down The US dollar rose on Monday, while gold prices closed higher after two consecutive declines
On Monday (March 18th), as a result of the previously released US economic data, the market's bet on the possibility of the Federal Reserve cutting interest rates in June decreased. The US dollar index opened lower and rose higher, ultimately closing 0.13% higher at 103.58. The benchmark 10-year Treasury yield closed at 4.3250%, while the 2-year Treasury yield, which is most sensitive to the Federal Reserve's policy rate, closed at 4.7360%.
3/19 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Gold Price Rebounds Ahead of FOMC Meeting
In the lead-up to pivotal interest rate decisions by the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA), global financial markets are exhibiting signs of stability. The U.S. Dollar Index (DXY) is maintaining its position above the 103.50 threshold, bolstered by last week's Producer Price Index (PPI) figures that have steered market sentiment towards expectations of a more hawkish Federal Reserve policy stance in Q2 2024.
WCG Markets:2024年03月19日黄金市况分析
WCG Markets:2024年03月19日黄金市况分析
3/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：2024.03.18 MHM European Time Analysis
In the foreign exchange market, the U.S. Dollar Index held steady at 103.45, with anticipation building around the Federal Reserve's expected decision to maintain interest rates at 5.50%. The Japanese yen weakened against the dollar, moving to 149.07, as Japan considered ending its long-standing negative interest rate policy, while the euro and British pound saw minor adjustments against the dollar.
Market attention to the direction of the Federal Reserve's monetary policy The US dollar index rebounded last Friday, with gold prices falling for the first time in four weeks
Market attention to the direction of the Federal Reserve's monetary policy The US dollar index rebounded last Friday, with gold prices falling for the first time in four weeks
All Eye on BoJ Interest Rate Decision
All eyes are particularly focused on the BoJ, where there is anticipation for the possibility of the first rate hike in decades.
Central Banks' Rate Decision: The Week to Watch.
The RBA maintained the cash rate steady at 4.35% during its February meeting as widely expected by analysts. Reserve Bank governor Michele Bullock previously indicates her skepticism regarding the sustainability of inflation returning to the target level. The Federal Reserve held interest rates steady and sent a tepid signal that it is done raising rates but also made clear that it is not ready to start cutting rates, describing an uncertain path toward rate cuts in 2024.
March 18, 2024, DAILY MARKET NEWSLETTER: Global Markets Mixed, Bitcoin Volatile as Central Banks Loom
US Consumer Sentiment Dips, Yields Tick Higher European Indices Mixed, Japan Rate Hike Expected Key Tech Stocks Fall on Disappointing Forecasts
MHMarkets：March 18, 2024 Economic Highlights
Last Friday, the U.S. dollar index rose due to higher-than-expected U.S. February PPI data, closing up 0.071% at 103.44. U.S. Treasury yields rose, with the benchmark 10-year yield achieving six consecutive gains, closing at 4.3080%; the sensitive 2-year yield closed at 4.7320%.
WCG Markets:2024年03月18日黄金市况分析
WCG Markets:2024年03月18日黄金市况分析
3/15 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：2024.03.15 MHM European Time Analysis
In the foreign exchange market, the U.S. dollar demonstrated resilience, appreciating against a basket of major currencies, with the dollar index advancing to 103.34. This rise was reflected in various currency pair movements: EUR/USD declined by 62 pips to 1.0884, USD/JPY saw an uptick of 51 pips to 148.25, and GBP/USD decreased by 45 pips to 1.2751, despite the U.K.'s house price index showing some improvement.
Notice on the Adjustment of the Minimum Activation Amount for CWG Markets Institutional Accounts
In order to offer more flexible and competitive trading conditions to meet the needs of a wide range of traders, CWG Markets will adjust the minimum activation amount for institutional accounts from the original $50,000 to $30,000, effective from March 18, 2024 (Monday). This adjustment aims to allow more institutional users to enjoy a high-quality trading environment and conditions.
US PPI data exceeded expectations, with the US dollar rebounding significantly Gold under pressure and falling consolidation
US PPI data exceeded expectations, with the US dollar rebounding significantly Gold under pressure and falling consolidation