Tag Archives: Federal Reserve
Apple stock price gains as China data delivers.
Latest data from China shows a rise in shipment of foreign-branded smartphones in China for April, stoking higher demand for Apple stock following its release. According to the China Academy of Information and Communications Technology, the shipment of foreign-branded smartphones rose by 52% in April to 3.495 million units, significantly higher than 2.301 million units […]
Gold bulls return, watchful over US PCE data.
Market demand for gold remains high as it recoups some last week’s losses ahead of US key inflation data. Among industrial metals, copper price receives the same fate, inching upwards following a slip from record high last week. Traders will be on the lookout for US PCE Price Index data, the Federal Reserve’s preferred inflation […]
US dollar hit two-weeks low amid data divergence.
US dollar fell against other major currencies to two-week low amid uncertainty over policy adjustment from Federal Reserve. On Wednesday, Fed Chair Jerome Powell in a speech at Stanford Graduate School of Business emphasized that they need to wait for more data before cutting interest rates. While services industry experienced a slowdown, private sector jobs […]
Focus on USDJPY today – 28th FEB 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for 28th February 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Market awaits inflation data to gauge US rate cut likelihood.
Financial market remains fixated upon future data from the United States, especially pertaining to inflation to gauge the likelihood of an early rate cut. Likewise, comments from Fed officials will be monitored at the same time, with at least ten are due to speak this week. Previously, data from US showed that durable goods orders […]
Timing the Federal Reserve’s Next Interest Rate Cut in 2024
The Federal Reserve, being a central bank with a dual mandate, is significantly tasked with ensuring equilibrium between inflation and employment market scenarios. Each consumer gets impacted by price fluctuations of goods and services, whether they are buying everyday commodities like milk and eggs or renting houses that are elastic to interest rates. In the […]
Rate cut jeopardized as US inflation remains high
Equities declined across the board as US dollar hit three-month high following the release of US inflation data. According to Labour Department’s Bureau of Statistics, US Consumer Price Index (CPI) rose 0.3% last month, slightly higher than forecast of 0.2%. Looking at yearly comparison, US CPI currently stands at 3.1%, well above Federal Reserve’s target […]
Focus on NZDUSD today – 9th FEB 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for 9th February 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
What is the Fed’s Next Move After Jackson Hole?
As a mouthpiece of the Fed, the Jackson Hole Economic Symposium always attracts the eyeballs of numerous investors. Considering the current turbulent global economic situation, this year’s meeting is undoubtedly eye-catching. The three-day symposium officially ended in August, and the speeches of renowned financial names captured the world’s attention.
