The BoE Hits the Pound. Uncertainty Has Become the Hip Word for Central Banks
The Pound hit reverse in response to the latest BoE messaging. Uncertainty over what lies ahead failed to reassure the markets.
U.S. Stocks Set To Open Lower As Fed Disappoints
S&P 500 futures are losing ground in premarket trading as the Fed was not as dovish as expected.
Monetary Policy and Economic Data Put the Pound and the Dollar in Focus
While the markets react to the overnight FOMC projections and press conference, the focus will shift to the BoE and U.S stats due out later today.
US Stocks: Finished Mixed But Mostly Lower after Powell Disappoints
Stocks gave up their gains as Fed Chairman Jerome Powell briefed the media, and described the Fed’s guidance as strong and “powerful.”
Fed Statement, Projections, Powell’s Comments Produce Mixed Reactions by Traders
Fed policymakers at the median see economic growth dropping by 3.7% this year, an improvement from the 6.5% drop projected in June.
Quick Fed Analysis: FOMC Sees Rates Near Zero Until Inflation Hovers Over 2%
The change in guidance was in line with the Fed’s policy shift announced last month that is aimed to offset weak inflation and keep adding jobs.
The Crypto Daily – Movers and Shakers – September 17th, 2020
It’s a bullish start to the day, with Ethereum and Ripple’s XRP leading the charge early on. Steering clear of the pivot levels would be key to avoid a sell-off.
European Equities: FED and BoE Monetary Policy and U.S Jobless Claims in Focus
The FED’s projections, BoE sentiment towards the economic outlook, and U.S jobless claims will provide direction alongside geopolitics.
U.S. Stocks Set To Open Higher Ahead Of Fed Interest Rate Decision
S&P 500 futures are gaining ground in premarket trading despite slowing retail sales growth.
Asian Shares Mixed in Early Trade; Miners Lift Aussie Stocks
Australian shares gained on Wednesday as miners rallied for a third straight session and tech stocks tracked their Wall Street peers higher.