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- The Price of the S&P 500 Set a Historical Record amid News from the Fed
- US Dollar Shows Record Weekly Gain Since Mid-January
- USD/CHF Analysis: SNB Decision Breaks Multi-month Trend
- TSLA analysis:
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Australian S&P/ASX 200 Index Hits All-Time High
As seen on the S&P/ASX 200 chart (Australia 200 on FXOpen), today's candle surpassed the 8200 level, marking a new all-time high.
Positive sentiment was driven by:
→ The Federal Reserve’s decision to cut interest rates, which
Dollar Trades Mixed After Fed Rate Cut
The Federal Reserve surprised the market yesterday by cutting the dollar rate by 0.5%, with expectations that a similar reduction might occur by the end of the year. The dollar initially dropped sharply following the announcement but then partially
Fed Cuts Interest Rates by 0.5%
As we have frequently noted, a rate cut by the Federal Reserve seemed inevitable. Market participants debated whether the reduction would be 0.5% or 0.25%, and those predicting a 0.5% cut were proven correct.
According to Bloomberg,