Risk Appetite Returns as Focus Shifts to US CPI

Posted 10 October 2024

Risk-on sentiment is back in the global markets, with DOW and S&P 500 surging to new record highs in the latest session. Notably, this rally isn’t limited to just the big tech giants. ETFs tracking both industrials and financials sectors also closed at record highs, signaling that the strength is broad-based, extending across multiple sectors […]

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Dollar Edges Higher Ahead of FOMC Minutes; Commodity Currencies Continue to Struggle

Posted 9 October 2024

Dollar is broadly stronger today, though the momentum behind the move is not particularly robust. Markets are awaiting insights from several Fed officials and the release of September FOMC minutes later in the US session. While Fed’s direction on monetary easing is well understood, the pace of future rate cuts remains uncertain and is unlikely […]

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Kiwi Falls After RBNZ’s 50bps Rate Cut, Risk-Off Sentiment Weighs on AUD

Posted 9 October 2024

New Zealand Dollar has taken a hit in Asian session after RBNZ delivered a widely expected 50bps rate cut. With excess capacity in the economy, further policy easing is expected, and some economists foresee an additional 50bps rate cut in November. The central bank would continue loosening in the first half of next year, though […]

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