The Dow has led US indices to record highs while other risk-leaning assets continue to lag. Dollar hasn’t broken its two year high, but it is within easy reach while Gold seems to be taking a pause off its own multi-year high awaiting the next wave. All three of these assets are unlikely to hold their correlated path…especially with the Fed rate decision expected to deliver the first rate cut in years.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....
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