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Markets At the final meeting of the Fed took an impressive U-turn from its 2023 approach. 2024 will be different chapter for monetary policy. The Fed left its policy rate unchanged at 5.25%-5.50%. A further rate hike isn’t formally ruled out, but the Fed Chair Powell at press conference and the dots clearly signaled that […]

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15/04/2024

Gold in a Wait-and-See Mode

Gold opens near Friday’s closing price as safe-haven demand stabilizes Bulls wait for a break above 2,430; Bears anticipate a drop below 2,325 It was a harsh weekend, as Iran’s retaliatory missile and drone attack against Israel sparked concerns of global conflict. But Israel successfully blocked the airstrike from a distance a distance, averting another […]
03/07/2024

Weak Data Hammers USD

The US private sector created 150K jobs in June, according to fresh ADP estimates. This is slightly weaker than expected and the lowest growth since January. Once again, the leisure sector (+63K) led the growth. Construction stands out, with net job growth of 27K for the month and nearly 3% growth in the last seven […]
17/06/2024

Sunset Market Commentary

Markets A sense of calm returned to European markets for now. Le Pen from the poll-leading Rassemblement National sought to reassure investors on the budgetary front if her party were to win the elections. It may have helped to stop the rout in European/French assets in a daily perspective after a disastrous week. Equities in […]