MarketNews
An eventful week ahead for USD,CHF, and AUD! The Swiss and Australian Policy Rate decisions could trigger major moves in their currencies, while the US PMI report is expected to add volatility to the market! What’s your prediction for the week? Share your thoughts in the comments below!
fourtrades
Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:
Gold prices surged to a record high of $2,638.31 an ounce, driven by optimism over US interest rate cuts and global economic uncertainty.
Federal Reserve officials left the possibility open for another large interest-rate cut following their recent half-percentage point reduction.
???????? China's central bank introduced a stimulus package, including a 0.2 percentage point cut to policy rates, a 0.5 percentage point reduction in the reserve requirement ratio, and ¥800 billion in liquidity support.
The Reserve Bank of Australia left its cash rate unchanged at 4.35%, emphasizing the need to maintain restrictive policy as inflation remains above target.
BOJ Governor Kazuo Ueda signaled no rush to raise rates beyond 0.25%, stressing the need to assess global risks and market conditions before further hikes.
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#TESLA stock has surged 36% in the past three months, and with buy-side investors expecting over 450,000 deliveries next week, there is optimism for further gains.
Chancellor Olaf Scholz condemned UniCredit's move to raise its stake in Commerzbank to 21%, calling it an "unfriendly" and inappropriate approach without consultation. #CBK stock is up 0.91%.
Boeing proposed a final offer with a 30% pay increase over four years to over 32,000 striking workers, but the union rejected a vote, citing unmet demands on retirement and wages. #BA stock is up 1.96%.
That's it for today, guys! Click on ???? if you liked our review, and see you soon!
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