There was no significant activity among major central banks last week, but expectations of a single cut by the Federal Reserve (‘the Fed’) at the end of this quarter remain high. According to CME FedWatch Tool, around 55% of participants expect five cuts to the funds rate between 20 March and 18 September, which would…
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According to data from Bloomberg, experts predict the report will show the addition of 168,000 nonfarm payroll jobs in December 2023, when compared to the 199,000 jobs added in November. Other predictions include an unemployment figure to sit at 3.8%, 0.1% higher than that of November’s. The positive investor sentiment that grew in December has…
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Friday marked a seven-week consecutive rise for the dollar index in comparison with its figures of 99.58 from the same period year-over-year. Industry experts suggest that this favourable standing is set to last, at least for the short-term. Friday also brought about data showing the slowdown of U.S. employment and wage growth which was greater…
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Despite this positive tipping point, the dollar registers weak against its recent three-month high. This cooling gives solid indication that the Federal Reserve may be prepping for further interest rate hikes after a slowing down period of economic spending and employment. APAC Societe General and Global Head of FX Strategy, Kit Juckes noted: If a…
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The massive global shutdown of the economy caused uncertainty and volatility in the financial market generating dramatic swings in stock prices. The Fed flooded the financial system with liquidity which settled the markets down but there are still risks. Federal Reserve Chairman Jerome Powell said: Additional fiscal support could be costly, but worth it if…
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Kevin Kelly, Delphi’s lead analyst, noted that Bitcoin’s performance year-over-year had yielded a 40% return, despite its recent fall from grace. He added: “There are a handful of asset classes boasting positive returns this year and crypto is one of them. Bitcoin’s latest rebound pushed its year-to-date return back into the black as investors continue…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 20, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Today is quadruple witching day on Wall Street, which is the perfect follow up for last week's…
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While financial news channel talking heads keep telling us that the new normal is gradual economic growth and that key statistical trends are right on track, there is a growing groundswell of clarion calls coming from economists, politicians, and even one key former central banking head that things are not all right. Debts have increased…
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LeapRate Exclusive... The Federal Open Market Committee (FOMC) is a branch of the Federal Reserve that is responsible for discussing and establishing US monetary policy. They meet eight times a year (although they can meet more frequently if needed) to debate any necessary policy changes. Most traders mark these dates on their economic calendars due…
Read moreInformation received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth of household spending…
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