Month: November 2023

Dollar’s decline finally takes off again overnight, following dovish comments from some Fed officials. In particular, Fed Governor Christopher Waller, typically known for his hawkish views, softened his stance and expressed a level of satisfaction with the current interest rate policy. Chicago Fed President Austan Goolsbee’s even raised concerns about the risks of maintaining overly
0 Comments
Share: Australian Dollar continues its winning streak despite downbeat Aussie monthly CPI. Australia’s Monthly Consumer Price Index declined by 4.9% in October against the expected 5.2%. US Dollar Index loses ground despite the better-than-expected US economic data. The Australian Dollar (AUD) is on a winning streak, extending its gains for the fifth consecutive day on
0 Comments
Federal Reserve Governor Christopher Waller said Tuesday he’s growing more confident that policy is in a place now to bring inflation back under control. There was nothing in Waller’s prepared remarks for a speech in Washington, D.C., that suggests he’s contemplating cutting interest rates, and he noted that inflation currently is still too high. But
0 Comments
Oil prices rose on Tuesday with the Brent benchmark rising above $80 a barrel, supported by expectations that the OPEC+ producer group may deepen and extend output cuts due to concern over softer global demand. OPEC+, which combines the Organization of the Petroleum Exporting Countries (OPEC)) and allies including Russia, will hold an online ministerial
0 Comments
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
0 Comments