A Dovish Message Within A Hawkish Rate Cut
As it turns out, the stock market loved today’s Fed announcement about a 25 bps rate cut. The small-cap Russell 2000 zoomed to a new all-time-high close, while the S&P 500 came within 5 points of its own all-time high.
XAG/USD Corrects From All-Time Highs To Near $62, Outlook Remains Firm
Silver Price (XAG/USD) retraces to near $62.00 during the Asian trading session on Thursday after posting a fresh all-time high at $62.87 earlier in the day.
US Dollar Index Softens To Near 98.50 Post-Fed Rate Cut, Jobless Claims Data In Focus
The US Dollar Index, an index of the value of the US Dollar measured against a basket of six world currencies, trades on a negative note near 98.55 during the Asian trading hours on Thursday.