Recent price action not so convincing
Last week's market performance has left investors puzzled and hesitant, prompting a warning of caution. The monetary policy landscape is clearly diverging, with the Federal Reserve inching closer to considering a pause, while other major central banks maintain their focus on the possibility of higher rates. This has fuelled a broad-based sell-off of the US dollar and a surge in demand for stocks. However, a strong US jobs report, which exceeded expectations and included higher-than-forecast hourly earnings, has raised concerns that the Fed may adopt a more hawkish stance in the future.
While positive news on US earnings and a lack of negative developments in the banking sector may have diverted the market's attention, we believe that a robust jobs report, coupled with higher hourly earnings, should not be taken lightly. It may prompt investors to reconsider selling stocks and buying back US dollars.
The funeral for Gold has been postponed
Forex anticipates the end of the shutdown
Forex anticipates the end of the shutdown
Forex anticipates the end of the shutdown
Forex anticipates the end of the shutdown
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