Optimism Continues as Markets Await U.S. Rate Decision

A new week begins, and all eyes are on Wednesday when the key event of the week will take place: the interest rate decision from the U.S. There’s still some debate on whether the cut will be 25 basis points or 50 basis points. A rate cut seems certain, but the magnitude of the cut remains unclear. The consensus leans more towards a 25 basis points reduction, but markets will be watching closely for confirmation. Until then, we have a couple of days of trading to navigate.

This Monday morning, indices are starting on a positive note, continuing last week’s bullish sentiment. Optimism is still driving the markets, and the ongoing correction seems to be part of a broader recovery. Last week ended positively, and we’re seeing that energy carry into the early trading sessions this week.

On the currency front, the Japanese Yen remains the strongest, continuing its trend as the best-performing currency over the past month. In contrast, the American Dollar is struggling, holding onto its position as the weakest currency over the same period.

Turning to commodities, metals are flashing green this morning, with precious metals continuing their strong upward trend for the month. Oil is seeing a slight pullback today with the overal trend also being negative. 

In terms of headlines, aside from market movements, there’s news of another apparent assassination attempt targeting Donald Trump, this time near to his golf course. On the financial side, however, all attention is firmly fixed on Wednesday’s rate decision, with traders already positioning themselves for what is likely to be the key event of the week.

Source: https://www.axiory.com/analytics/market-news/optimism-continues-as-markets-await-u-s-rate-decis