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Dollar Rises on Fed Clarity, Oil Jumps on Rising Fears of Wider Middle East War

Dollar Rises on Fed Clarity, Oil Jumps on Rising Fears of Wider Middle East War

The financial markets gained much-needed clarity last week as strong US employment data aligned market expectations with Fed’s own monetary policy outlook. The possibility of a 50bps rate cut in November has now vanished, with traders anticipating two more standard 25bps cuts this year, matching Fed’s dot plot. This development boosted Dollar, which ended the […]

The post Dollar Rises on Fed Clarity, Oil Jumps on Rising Fears of Wider Middle East War appeared first on Action Forex.

Penn Entertainment Downgraded as BofA Sees Muted Risk-Reward

Penn Entertainment Downgraded as BofA Sees Muted Risk-Reward

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