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Understanding today’s market setup in simple words
Understanding today’s market setup in simple words Yesterday Trump said he might raise import taxes on China and that created fear in global markets making US stocks fall about 2.7 percent Now before the US market opens traders are watching the Hong Kong market called the Hang Seng Index or HSI It i
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Pound Sterling rises further against Greenback on weakening US job market
The Pound Sterling rises to near 1.3500 against the US Dollar amid the US job market slowdown.The US government shutdown could escalate already weakening job conditions.BoE’s Breeden argues in favour of unwinding monetary policy restrictiveness. The Pound Sterling (GBP) ticks up to near 1.3500 again
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Boston Fed President Collins sees caution on future interest rate cuts
Boston Federal Reserve President Susan Collins on Tuesday expressed support for the recent interest rate cut, but showed some skepticism on the extent of future moves as she sees continued threats from inflation. Speaking in New York, the central bank policymaker noted risks to both higher inflation
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