Monday's Market Update 2024-04-25
Investors are waiting for the release of First-quarter U.S. GDP data later today, and PCE price index data scheduled for tomorrow, Friday. These releases are anticipated to provide valuable insights about the Fed’s stance on interest rates. Recent indications of higher-than-expected U.S. inflation readings and hawkish Fed signals have led traders to adjust their expectations, largely pricing out the possibility of a June rate cut.
Meanwhile, the Japanese yen continued its decline, with the USDJPY pair hitting new 34-year highs ahead of the Bank of Japan (BOJ) meeting tomorrow. The central bank is widely expected to keep interest rates unchanged on Friday, following a historic rate hike in March.
However, recent weakness in the yen, coupled with expectations of higher wages and stickier inflation, put traders on guard over any hawkish signals from the BOJ.
Oil prices experienced a slight dip in Asian trade on Thursday. This was attributed to traders gradually factoring out a risk premium from crude, reflecting the easing of geopolitical tensions in the Middle East. Additionally, the mixed U.S. inventory data provided only moderate cues, contributing to the relatively
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
Dear Valued Client, To further enhance your trading experience, STARTRADER will be conducting a scheduled…
Dear Valued Client, Please be informed that the trading hours for the following products will…
Dear Valued Client, Please be informed that due to a system upgrade by the London…
Dear Valued Client, We are pleased to announce that STARTRADER will be launching new Middle East…
Dear Valued Clients, To enhance your trading experience, we will be performing a historical data…
This website uses cookies.