Category Archive: Finance, No picture
AUD/USD Picks Up From Lows Near 0.6200 As The US Dollar Gives Away Some Gains Australian Dollar PRICE This week
The Australian Dollar is trading with minor gains on Thursday, bouncing up from multi-year lows at 0.6200, following a sharp sell-off after Wednesday’s monetary policy decision by the Fed. The US central bank cut interest rates by 25 basis points to 4.25%, as widely expected but signaled a slower monetary easing path next year which boosted risk […]
Bank of England leaves rates unchanged amid rising inflation
Key Takeaways The Bank of England kept its interest rate at 4.75% as UK inflation rose to an eight-month high. Higher transportation and housing costs are significant contributors to the recent rise in UK inflation. Share this article The Bank of England (BoE) has decided to maintain interest rates at 4.75% amid reaccelerating inflation in […]
NZD/USD At A New Low: The Problem Is The US Dollar And Local GDP
Image Source: Unsplash NZD/USD has dropped to its lowest level since October 2022, trading around 0.5620. The currency pair is under pressure from two major factors: the strengthening US dollar and New Zealand’s weak domestic economic data.The primary driver of the decline in NZD/USD is the robust performance of the US dollar. Following the Federal Reserve’s […]
GBP/JPY Soars To Near 198.80 As BoJ Holds Rates Steady, BoE Policy Eyed
Image Source: Unsplash GBP/JPY surges to near 198.80 as BoJ didn’t provide a timeframe for interest rate hikes after keeping them steady at 0.25%. The BoJ is worried about potential risks from incoming US protectionism policies under the leadership of Donald Trump. Investors await the BoE policy in which the central bank is expected to […]
The Commodities Feed – Fed Comments Weigh On The Complex
Image Source: Unsplash The Federal Reserve lowered rates by 25bp as expected but trimmed its rate cut expectations for 2025, and this has weighed on the commodities complex. Meanwhile, a somewhat soft weekly oil inventory report from the EIA added to downward pressure on the oil market. Energy – EIA reports smaller than expected inventory drawsCrude oil edged […]
Earnings Growth Expected To Broaden Beyond Tech
Image Source: Unsplash For 2024 Q4, total S&P 500 earnings are currently expected to be up +7.4% from the same period last year on +4.8% higher revenues. Q4 earnings growth improves to +9.5% once the Energy sector’s drag is removed from the aggregate numbers, but the growth pace drops to +4.0% once the Tech sector’s substantial […]
Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals
Key Takeaways Bitcoin price fell under $100,000 due to a hawkish Federal Reserve stance. Meme tokens experienced sharp declines amid market sell-off. Share this article Bitcoin fell close to 6%, trading under $100,000 amid a market-wide sell-off after the Fed adopted a hawkish tone at Wednesday’s FOMC meeting, according to data from CoinGecko.The Fed cut […]
The Fed’s Rate Cutting Cycle May Already Be Over
Image Source: UnsplashAs expected, the Fed cut rates by 25 basis points, but the market was caught off guard by the Fed’s positioning regarding future rate cuts. Looking back, it was somewhat obvious. Earlier today, I shared a video for Market Chronicles paid members, highlighting how analysts were expecting more rate cuts than what the Fed Funds Futures […]
Bank of Japan keeps interest rates unchanged for third straight meeting
Key Takeaways The Bank of Japan maintained interest rates at 0.25% for the third straight meeting. Unchanged rates reflect careful monitoring of domestic wage growth and US economic policies. Share this article The Bank of Japan kept interest rates unchanged at 0.25% during its Thursday meeting, marking the third consecutive hold following similar decisions in […]
Australian Dollar Pares Losses Following Consumer Inflation Expectations
Image Source: Unsplash The Australian Dollar recovers daily losses after the release of Consumer Inflation Expectations on Thursday. Australia’s Consumer Inflation Expectations increased to 4.2% in December from the previous 3.8% rise. US Dollar surged as the Fed delivered a hawkish cut of 25 basis points at its December meeting. The Australian Dollar (AUD) pares daily […]
