The Dow Jones Industrial Average (DJIA) is advancing on Wednesday, improbable as it seems.
Blogs
AUD/USD spikes back above 0.6660 as dovish Fed sends US Dollar tumbling
The AUD/USD is catching a firm risk-bid as markets surge higher following a dovish pivot to the Federal Reserve’s (Fed) policy stance; the Fed now sees at least three rate cuts in 2024, for a combined 75 basis points in rate cuts next year.
Powell speech: Not talking about altering the pace of QT
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
Powell speech: Very focused on not making mistake of keeping rates too high too long
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
Powell speech: Discussion on when to cut rates is still ahead, will decide very carefully
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
NZD/USD gains traction and surpasses 0.6200 as Fed’s pivots to rate cuts
The NZD/USD surged more than 1% on Wednesday as the Federal Reserve shifted dovish, as Fed Chair Jerome Powell turned dovish as he answered a question that “we likely at or near peak for rates,” sponsoring another leg up on the Kiwi.
USD/JPY dips and threatens 200-day SMA after the Fed’s decision
In Wednesday's session, the USD/JPY pair witnessed a downward journey, plunging to 143.70, driven by the speculation surrounding the Federal Reserve's anticipated rate cuts.
Powell speech: Difference in projections reflect lower inflation than previously expected
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
Powell speech: Policymakers talking about when it will be appropriate to cut rates
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
Powell speech: Restrictive stance putting downward pressure on economic activity and inflation
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.