Investment Portfolio

Gain: 

Pulse Wallet

Gain: 

REA Learn Copy

Gain: 

Quick Tools:

Forex Today: Fed's Kashkari suggests postponing rate cut to December

Forex Today: Fed's Kashkari suggests postponing rate cut to December

In typical hawkish commentary, Fed member Kashkari suggested that no rate cuts should be made until December, above the September consensus forecast.

➡️ Fed member Kashkari said a few hours ago that he believes the logical rate cut, which he admits is due in 2024, is best placed in December, as late as possible in the year. So far, the US dollar has reacted little to this hawkish comment.

➡️ The general election campaign is underway in France, with polls suggesting that the RN party, heir to the old National Front, will win enough votes to form a government. If the polls do not change, this will likely lead to a continued weakening of the Euro.

➡️ US Empire State Manufacturing Index data will be released later. Tomorrow in Australia, the Reserve Bank of Australia will hold a policy meeting where it is expected to leave rates unchanged at 4.35%.

➡️ The Indonesian rupiah is trading at a 4-year low against the dollar, but a rate hike still looks unlikely as President Widodo appears relaxed about the rupiah's weakness. The price of USD/INR made a bullish break above 16,300, which was the previous Central Bank red line.

➡️ Today is likely to be a relatively quiet day in the markets, as it is a Monday with little major news coming up.

 

Credit by DailyForex.com

en_USEN

Investment Portfolio

Copy strategies

Find out how our strategies copy works. You can copy our strategies without costs and without risk with a demo account, and with a real account in exchange for a profit-share.

REA TradeKit

Access Advanced Tools and Strategies.

14 day money back guarantee.

Free Resources

Mentoring 1 to 1

Reavolution's 1-to-1 mentorships allow you to learn our strategies directly from our trainers.

Main Categories

Forex Calculators

Commercial Lotto Calculator

Leverage and Margin Calculator

Drawdown Calculator

Compound Interest Calculator

Pips Value Calculator in Euros

Economic Calendar