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Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
- Buckle up for the rise of E-mini Nasdaq 100 Futures, hitting the year's highest peak so far
- Brace yourself for the unthinkable: US Default. Explore the captivating question of what direction the markets might take if the US Government runs out of money and discover the top 3 assets to keep an eye on. It's time to strategize!
- Crude Oil Analysis: Is the industry running on empty, or are there surprising turns ahead? Find out now!
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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,