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US Stocks declined in a flat session on Monday
US stocks declined lower on Monday, surrendered their early gains and ended a choppy session lower after two Federal Reserve officials highlighted the central bank’s resolve to be persistent until it brings inflation down meaningfully. Fed Vice Chair Lael Brainard said that it would be appropriate soon for the central bank to slow its paceContinue Reading
CPI dropped, market expects Fed to reduce rate hike in December
US stocks advanced higher on Friday, preserving their upside momentum and extending the rally amid a slowdown in inflation and the upbeat market mood on the last trading day of the week. The risk-on sentiment is mainly supported by the soft inflation data from the US and news of China easing the Covid-related restrictions, asContinue Reading
Week ahead: US retail sales and PPI data may affect December Fed rate decision
The US Federal Reserve will weigh this week’s Retail Sales and PPI data against last week’s lower-than-expected inflation figures as it determines whether to raise its benchmark interest rate by 50bps or 75bps at its December meeting. Here are the highlights for the week ahead: RBA Monetary Policy Meeting Minutes (15 November) The Reserve BankContinue Reading
Notification of Server Upgrade
Dear Client, As part of our commitment to provide the most reliable service to our clients, there will be server maintenance this weekend. Maintenance Hours : 2022/11/12 13:00 – 18:00 (Server time) Please note that the following aspects might be affected during the maintenance: During this weekend’s maintenance period, clients can still trade as usualContinue Reading
US Dollar falls after CPI data released
US stocks rebounded sharply on Thursday, regaining upside momentum and surged in a buy-everything relief rally as market participants rushed to price in a pivot in the US Federal Reserve monetary policy as soon as next December. The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by theContinue Reading
