Markets Celebrate Loosening Interest Rate Cycle
Markets celebrated the Fed’s loosening of interest rates yesterday with a big swell in valuations across the board today.
Japanese Yen Remains Stronger As BoJ Keeps Interest Rate Unchanged As Expected
The Japanese Yen (JPY) holds ground against the US Dollar (USD) following the Bank of Japan (BoJ) policy decision on Friday, keeping its interest rate at 0.15%, as highly expected.
Gold Price Consolidates Near Record High, Bullish Potential Seems Intact
Gold price (XAU/USD) regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve's (Fed) decision to start the policy easing cycle with an oversized rate cut.
BMO Strategist Predicts S&P 500 Could Surge To 6,100 Following Fed Rate Cuts
S&P 500 has already rallied well over 20% this year but Brian Belski, the chief investment strategist of BMO Capital Markets, sees further gains in the months ahead.
WTI Softens Below $71.00, Ongoing Geopolitical Tensions Might Cap Its Downside
West Texas Intermediate (WTI), the US crude Oil benchmark, is trading around $70.80 on Friday. WTI price edges lower amid some profit-taking.