The Swiss franc weakened against the US dollar on Thursday after the Swiss National Bank (SNB) slashed its interest rate by 50 basis points, marking its largest reduction in almost a decade. This move, aimed at countering weaker-than-expected inflation and growing global economic uncertainties, brings the policy rate down from
The U.S. Department of Agriculture (USDA) has forecast a record soybean harvest for this autumn, contributing to the price decline. The U.S. alone has planted 86.1 million acres of soybeans for the 2024/25 marketing year, a 3% increase from last year. World soybean production is expected to rise by 6.9
After months of gruelling economic turmoil, the Fed might just surprise us this time with good news of cutting interest rates. As the situation gets a bit better, is the Fed heading towards rate cuts? Well to answer that question, we’ll just have to dive into this blog!! Fed Meeting:
Markets reacted strongly last week to the release of US non-farm payrolls data, which showed new signs of slowing, now the focus shifts to the next inflation report, key highlight. for next week. This week the main focus will be on the Fed Chair Testimony, US inflation data and China
Federal Reserve Chairman Jerome Powell’s comments and minutes of the latest FOMC meeting will be closely watched this week. While the NFP numbers for US jobs will attract attention. In addition, French and British elections keep the market buoyant The key data and events for this week Tuesday – Eurozone
The USDJPY pair rose modestly on Thursday. The pair took profits as the dollar strengthened and some positioning from the outcome of the BOJ meeting. Momentum remained limited because markets do not expect a policy change before the end of the meeting, but the bank may discuss when to start
The economic data for the day is in. The dollar rose yesterday after data showed US import prices rose 0.9% last month, adding to market fears that the Federal Reserve’s fight to contain inflation has stalled and could be delayed policy makers from cutting interest rates. The market also was
The Gold price eased slightly from yesterday’s highs as US Treasury yields rose and supported the dollar. Prices rose sharply after a US inflation report supported a rise in gold prices on Wednesday, but Thursday’s data was mixed, which is likely to lead to gains ahead of the weekend. The
Natural gas futures hit a 15-week high on Wednesday after production fell following a rise in crude at liquefied natural gas (LNG) export plants. Freeport LNG has restored full service, predicting a warmer than expected next two weeks. The warmer weather should boost the amount of gas power generators burn
The Economic data for the day is as follows. The dollar dropped to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years, pulling forward expectations for rate cuts in the world’s biggest economy and drawing bets that the U.S. currency may have peaked. Monthly inflation
