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About: josephine

Recent Posts by josephine

Australian Dollar climbs above $0.67 with fresh China stimulus and US Fed rate cut bets 

Key Points:  The Australian dollar (Symbol: AUDUSD) marched towards four-month highs, priced above $0.67, as fresh stimulus in China and bets for interest rate cuts in the US boosted commodity prices, lifting sentiment in the Australian markets.  SEE: The Aussie reacts strongly on the VT Markets trading app Fresh stimulus measures in China  Late last Continue Reading

Market implications from the US dollar decline; stock markets await earnings report

Key Points: The U.S. Dollar Index (DXY) experienced a sharp drop due to softer-than-expected consumer price index (CPI) figures. The CPI data had rekindled hopes that the disinflationary trend, which had recently stalled, is now back on track. SEE: The DXY (symbol: USDX.) seeing a significant dip on the VT Markets trading app A drop Continue Reading

Australia, NZ Dollars decline as markets assess rate outlooks

Key points: The Australian and New Zealand dollars faltered on Tuesday as the momentum from last week’s rally dissipated. The market is closely watching the outlook for steady interest rates in both countries. The Australian dollar slipped 0.2% to $0.6654, unable to reclaim its recent four-month high of $0.6714. Key support levels are found under Continue Reading

Why crude oil futures may continue their spiral downwards in May

Key Points:  On Tuesday, both Brent and WTI crude oil futures experienced declines. Brent crude oil futures (Symbol: UKOUSDft-V) fell toward $83 per barrel, while the WTI crude oil futures (Symbol: CL-OIL) dropped to $78 per barrel, marking continued losses.   SEE: Crude oil experiences downward trend on the VT Markets app. Market participants are closely Continue Reading

Bank of Korea to hold rates, first cut expected in Q4

Key points: The Bank of Korea (BOK) will keep its key policy rate unchanged at 3.50% on May 23, marking the 11th consecutive meeting with no change. The BOK is expected to maintain this rate through the next quarter, with a half-point cut anticipated in Q4 2024, following expected policy easing from other central banks Continue Reading

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