Sentiment continued to consolidate behind expectations that the US Federal Reserve will cut rates by just another 0.50%.
➡️ Sentiment continues to be hawkish on the US dollar following last Friday's trigger event, when significantly stronger-than-expected US jobs and average earnings data were released. A solid majority of analysts now expect only another 0.50% of cuts before the start of 2025 by 80% of market participants. Both the 2-year and 10-year Treasury yields are trading or have recently traded above 4%.
➡️ Nel mercato Forex, il dollaro statunitense sta mostrando segnali di un picco vicino al livello di resistenza vicino al prezzo corrente. Dall’apertura odierna di Tokyo, la valuta principale più forte è stata la sterlina britannica, mentre la più debole è stata il dollaro australiano.
➡️ They And the S&P 500 index remain relatively close to their recent all-time highs, despite the rise in the US dollar.
➡️ The Reserve Bank of New Zealand is due to hold a monetary policy meeting tomorrow. The bank was widely expected to cut its policy rate by 0.50% to 4.75%.
➡️ It will likely be a quiet day on the markets, with no major data releases scheduled.
Credit by DailyForex.com