United States Federal Reserve Minutes: Rate Cuts To Continue “Gradually”
Image source: Pixabay The US Federal Reserve released on Tuesday the minutes of the Federal Open Market Committee (FOMC) meeting which ended on November 7th. At the meeting, the FOMC voted unanimously to lower rates by 25 basis points to a range of 4.5%-4.75%. This marked the second rate cut in the current easing cycle […]
Crude Oil Steady After Biden Calls Gaza Ceasefire Permanent
US President Joe Biden calls the activated 60-day ceasefire deal as permanent. OPEC+ will delay its upcoming Output Policy Meeting to December 5th. The US Dollar Index bounces off support after traders took profit in their Greenback rally. Crude Oil trades rather steady this Thursday with selling pressure building after US President Joe Biden called the recent […]
Sharp Slowdown In Poland’s Third-Quarter Consumption
Image Source: Pixabay The September flood in southern Poland probably impacted the third-quarter GDP composition as household consumption slowed sharply, while a change in inventories became the main source of growth. The scale of the rebound in retail sales is insufficient to give confidence in consumption. We see slower consumption growth in 2H24 as Poles remain frugal. […]
Daily Market Outlook – Thursday, Nov. 28
Image Source: Pexels Asian stocks were lackluster on Thursday, and the dollar was under pressure after U.S. data indicated that the progress in curbing inflation had stagnated, despite the economy showing resilience. This has created uncertainty regarding the Federal Reserve’s potential actions in the coming year. With the U.S. Thanksgiving holiday expected to result in thin […]
How Big Is That Turkey On The Table?
Today is the big event! And if you’re not already starting to cook that turkey for your 2024 Thanksgiving feast, you soon will be!But before you get started, let’s address a question that may already be in the back of your mind from when you picked up the bird you’ll be cooking. Is this year’s […]
EUR/USD Forex Signal: Extremely Bullish Above 1.0600
Bullish view Buy the EUR/USD pair and set a take-profit at 1.0740. Set a stop-loss at 1.0400. Timeline: 1-2 days. Bearish view Sell the EUR/USD pair and set a take-profit at 1.0400. Add a stop-loss at 1.0740. The EUR/USD exchange rate bounced back in the overnight session after a series of mixed economic data from the United […]
Current Report – United Microelectronics
Image Source: Pixabay United Microelectronics Corp (UMC) is the world’s third-largest dedicated chip foundry, with 7% market share in 2023 after TSMC and SMIC.UMC’s headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the US, and South Korea.UMC features a diverse customer […]
Pound Sterling Corrects Against USD Amid Thin Trading Volume On Thanksgiving Day
The Pound Sterling (GBP) declines to near 1.2650 against the US Dollar (USD) in Thursday’s London session after failing to visit the round-level resistance of 1.2700 the prior day. The GBP/USD pair is expected to trade sideways amid thin trading volume as United States (US) markets are closed on Thursday and will open for a […]
XRP Price Retains Strength: Is A New Upside Push Imminent?
XRP price is consolidating near the $1.450 zone. The price is showing positive signs and might soon aim for a fresh move above the $1.50 level. XRP price is eyeing a fresh increase above the $1.465 resistance zone. The price is now trading above $1.450 and the 100-hourly Simple Moving Average. There was a break […]
BTC/USD Forecast: Continues To See Buyers On Dips
Volatility and TargetsBut I also recognize that you could see a bit of volatility. That being said, I think we are probably more likely than not going to go sideways for a while before eventually breaking to the upside. Even if we were to break down below the $90,000 level, then the $80,000 level probably […]
