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Daily Broad Market Recap – May 1, 2024

Financial markets had a mixed run in the past trading sessions, as there were plenty of factors in play even before the highly-anticipated FOMC decision was announced.

Thu May 2, 2024 06:51
FOMC Holds Rates Steady, Reiterates ‘Lack of Progress’ on Inflation

As expected, the Federal Open Market Committee (FOMC) kept interest rates on hold at 5.50% during their May meeting. Here’s how USD pairs reacted.

Thu May 2, 2024 04:46
How to Deal With Too Much Information

Processing market information and making quick trading decisions can be a challenge for most of us. Here are some tips that might help.

Wed May 1, 2024 15:15
FX Watch: NZD/USD Closing in on Support Zone

Earlier today, New Zealand printed a weaker than expected jobs report that dragged the Kiwi lower. Can NZD/USD still bounce off this nearby support zone with U.S. data coming up?

Wed May 1, 2024 11:13
FX Watch: USD/CHF’s Break and Retest Setup Ahead of the FOMC and NFP Events

USD/CHF is reacting to a resistance ahead of the FOMC decision and Friday’s NFP report release! Will the pair pull back down before extending its breakout?

Wed May 1, 2024 08:42
New Zealand Economy Shed Jobs in Q1, Unemployment Rate Rose to 4.3%

The New Zealand economy unexpected lost 0.2% jobs quarter-on-quarter in Q1 2024, bringing the unemployment rate up from 4.0% to 4.3% during the period.

Wed May 1, 2024 07:42

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