Tag Archives: Interest Rate
Focus on XAGUSD today – 18th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAGUSD for SEP 18, 2024. Key Takeaways Technical Analysis Daily Chart Insights (XAGUSD Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (XAGUSD H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (XAGUSD M30 Price Chart, Source: Ultima Markets APP) Conclusion […]
U.S. Dollar Rallies as Stronger CPI Data Ignites Market Optimism
On Wednesday, the data revealed that the U.S. Consumer Price Index (CPI) rose by 0.2% last month, mirroring the increase seen in July. Over the past 12 months ending in August, the CPI grew by 2.5%, marking the slowest annual increase since February 2021 and down from the 2.9% gain in July. However, when excluding […]
Canadian dollars weaken as July Inflation cools
On Tuesday, Canada’s annual inflation rate dropped to 2.5% in July, aligning with expectations. Despite this, the Canadian dollar weakened slightly, though USD/CAD slipped 0.1% to close at 1.3620, which was influenced by the significant weakness in the U.S. dollar due to expectations of a potential interest rate cut. (USD/CAD Daily Price Chart) The current […]
Tech Rally Propels S&P 500 and Nasdaq to New Peaks Despite Fed’s Rate Pause
In June 2024, for the seventh consecutive meeting, the Federal Reserve decided to maintain the federal funds target range at 5.25%-5.50%, aligning with predictions. The Fed’s policymakers anticipate that until there is greater confidence in inflation sustainably approaching 2%, a reduction in rates will not be deemed appropriate. The current dot plot indicates that policymakers […]
RBNZ Maintains Interest Rates, Surprising Markets with Hawkish Stance, Boosting NZD
The Reserve Bank of New Zealand (RBNZ) maintained the official cash rate (OCR) at 5.5% during its May meeting, marking the seventh consecutive hold, and signaled a more hawkish outlook than anticipated. Subsequently, the New Zealand dollar surged past $0.612. The RBNZ stated that the current restrictive policy stance is necessary for a longer duration […]
Is This the End of the Federal Reserve’s Hiking Cycle?
Federal Reserve Holds Rates Steady, Signals End of Hiking Cycle The Federal Reserve’s recent decision to maintain the federal funds rate has sparked discussions about the trajectory of economic indicators and the potential for future rate cuts. In this article, we delve into the key aspects of the Federal Reserve’s December meeting, examining economic projections, […]
NBH Slash Benchmark Interest Rate Amid Economic Pressures
Hungary’s Recent Benchmark Interest Rate Cut and Economic Dynamics In a decisive move on November 21, the National Bank of Hungary (NBH) implemented a 75 basis points reduction in the benchmark interest rate, bringing it to 11.5%. This strategic decision, made amidst pressure for further rate cuts from the government, reflects the delicate balance between […]