Taking a few days break to review the economic changes after FOMC meeting, I will write a article on my latest findings this weekend and try to public it on coming Monday. But I still advise investors continue to reduce positions by the first week of Oct.
Recap
China Stocks extended gain on stimuluas yesterday before China National Day
Ishiba is elected as Japan's new Prime Minister
Saudi Arabia to drop $100 crude target to win back market share [link]
Powell says Fed Not in a Hurry, will lower rates "Over Time" [by Bloomberg]
Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’ [link]
Remark:
Ever since the FOMC announced a 50 basis points cut on Fed interest rate in mid Sept last month, this rate cut decision had rocked the entire markets like Tsunami... besides, the Gold price hit record high, HK market jump 2000 over points in 5 days, the most volatile market should go to the Foreign Exchange.
USD/SGD is drop till 1.28 -1.29
SGD/HKD has break up above 6
So investors need to take note that the exchange rate if trading the foreign market
Upcoming 2024 FOMC meetings:
Nov. 6-7
Dec. 17-18*
* Meeting associated with a Summary of Economic Projections.
Once each meeting concludes, the FOMC releases its policy decisions at 2 p.m. Eastern time. Then the Fed Chairman holds a press conference at 2:30 p.m.
Comments