News In the Spotlight

Monday’s Market Update I 29-Jan-2024

Headline inflation is on the decline, while core inflation lingers at 4%, potentially causing the Federal Reserve System (Fed) to be cautious about an early reduction in interest rates.

The unexpected 3.3% growth in the U.S. economy in Q4, fuelled by strong consumer spending, defies concerns of a recession.

Investors eagerly await insights into future interest rate decisions with the release of the Federal Reserve Open Market Committee Meeting Minutes; it is widely expected that the Fed will keep interest rates unchanged.

The upcoming U.S. jobs report foresees the addition of 177,000 new jobs, indicating a slowdown in the labor market.

Meanwhile, on Thursday, the Bank of England (BoE) is expected to keep interest rates steady.

As earnings season unfolds, the spotlight is on five of the “Magnificent Seven” giants, including Alphabet, Apple, Meta, Amazon, and Microsoft.

Designer

Recent Posts

Role and Regulation of Forex Brokers in India

As the largest market in the financial world, the Forex Exchange Market attracts trillions of…

17 hours ago

Account

When you open an account with a broker, you gain access to a platform where…

2 days ago

Adjustable Peg

An exchange rate system where a currency’s conversion rate is ‘pegged’ (fixed) in relation to…

3 days ago

Average Directional Index (ADX)

Average Directional Index (ADX) is a technical indicator that is used to gauge the strength…

4 days ago

Account Equity

To put it simply, account equity is the real-time value of your current account balance…

5 days ago

(Updated) October Rollover Dates

Dear Valued Clients, Please be advised that the following CFD instruments will be automatically rolled…

5 days ago

This website uses cookies.