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Markets Dip as Fed Signals Cautious Approach; Disney Surges, Cisco Drops Amid Mixed Earnings | Daily Market Analysis
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Trading the FOMC Meeting: Seizing Opportunities Amidst Market Uncertainty
The Federal Open Market Committee (FOMC) meetings have long been the focal point of market anticipation and volatility. As the key decision-making body of the Federal Reserve System, the FOMC convenes regularly to discuss and decide on crucial monetary policy measures that shape the economic landscape of the United States. These meetings are highly significant for traders and investors worldwide, as they offer unique opportunities to capitalize on swift market movements and uncover profitable positions.
Global Markets React to Stimulus Hopes and Strong Earnings, US Stocks and Gold Prices Show Mixed Sentiments | Daily Market Analysis
Key events: USA - Building Permits USA - New Home Sales (Jun) USA - Crude Oil Inventories USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference European markets have had a cautiously optimistic start to the week, with hopes of additional stimulus measures from Chinese authorities following recent poor economic data. As a result, the FTSE 100 experienced a significant boost, reaching a two-month high yesterday.
Global Shares Decline, Dollar Recovers as Fed Pauses Rate Hikes; ECB Announcement and BOJ Meeting Awaited | Daily Market Analysis
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S&P 500 and Nasdaq Reach 14-Month Highs on Modest Inflation Data, Fed Meeting in Focus | Daily Market Analysis
Key events: UK - GDP (MoM) (Apr) USA - PPI (MoM) (May) USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference On Tuesday, the S&P 500 and Nasdaq achieved their highest closing points in 14 months. This surge was fueled by data indicating a modest increase in consumer prices in May, which raised expectations that the Federal Reserve would not raise interest rates during its meeting on Wednesday.
The US Dollar Isn't Going Anywhere: How Greenback Became the World's Currency
Before World War II, the British pound sterling was the most powerful currency of the world, due to the large number of colonies and dominions of the British Empire around the globe. Then, the US dollar has become the world's dominant reserve currency, with over 60% of global foreign exchange reserves held in dollars. The dollar's supremacy has been a defining feature of the global economy since the end of World War II. However, the dollar's ascent to its position as the world's reserve currency was not preordained.
US CPI Data Reinforces Fed Rate Pause, Disney Q2 Misses Expectations | Daily Market Analysis
Key events: UK - BoE Interest Rate Decision (May) UK - BoE MPC Meeting Minutes USA - Initial Jobless Claims USA - PPI (MoM) (Apr) UK - BoE Gov Bailey Speaks The softer-than-expected US Consumer Price Index (CPI) data released on Wednesday has increased confidence in the market that a US Federal Reserve (Fed) rate hike pause in June is likely. The YoY CPI for April rose 4.9%, slightly lower than expectations of a 5.0% increase, while the monthly CPI in April rose 0.4% after gaining 0.1% in March.
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