- CFD trading
- CFD trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open CFD account
- Try free demo
- Platforms
- Platforms
- Platforms overview
- GO Markets trading app
- MetaTrader 4
- MetaTrader 5
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Share trading
- Share trading
- Invest in shares
- Invest in shares
- Trade ASX shares and ETFs
- Share trading platform
- Log into share trading
- Open share trading account
- Help centre
- Downloads
- Downloads
- iOS app
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
Open Account
CFD trading
Trade CFDs on forex, commodities, indices, and more.
Open accountTo open a CFD trading account as a Company, Trust, or SMSF, apply here.
Share trading
Invest in shares and ETFs on the Australian share market.
Open accountOpen a Personal or Company/Trust/SMSF share trading account.
- CFD trading
- CFD trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open CFD account
- Try free demo
- Platforms
- Platforms
- Platforms overview
- GO Markets trading app
- MetaTrader 4
- MetaTrader 5
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Share trading
- Share trading
- Invest in shares
- Invest in shares
- Trade ASX shares and ETFs
- Share trading platform
- Log into share trading
- Open share trading account
- Help centre
- Downloads
- Downloads
- iOS app
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
- Home
- News & analysis
- Central Banks
- Fed Pauses, Markets Rally: But What’s Next?
News & analysisAs expected, there was no change in the U.S. interest rate, with the decision to keep rates at 5.5% having been previously telegraphed and already priced in. As is always the case, markets dissected the statement and the subsequent press conference by Fed Chairman Jerome Powell to look for clues about what future Fed direction may or may not be.
The language didn’t change much, with the usual word tweaking. There was a suggestion that the pace of U.S. economic growth remains “strong,” rather than “solid,” which was the terminology used last time. Additionally, there was a reiteration that inflation is too high, and that it would be a mistake to assume another pause in December’s rate decision is a “gimme.” Despite this slightly hawkish tilt, there is a generally increasing market belief that there will be no further rate hikes this year. The CME FedWatch, based on the 30-day fed funds futures, now suggests a 17.1% chance of a December rate hike, compared to a 28.8% likelihood before the FOMC meeting.
Of course, there is significant data still to come this week, with Non-farm payrolls on Friday. A “hot” number may once again raise expectations of a Fed response at their next meeting.
However, markets rallied to start a new month after three successive months of losses, with growth stocks unsurprisingly outperforming. The Nasdaq saw gains of 1.64%, and there were 3:1 advancers vs. decliners across the whole market, as bond yields and the USD pulled back again from recent highs.
With earnings continuing to generally outperform expectations, and many suggesting stock prices are now at value, the stars may be aligning for a pre-Christmas rally. However, it remains difficult to call with optimism. Big data and big earnings this week and next, U.S. government funding battles likely to resurface mid-month, and the ongoing conflict in the Middle East are all still very much on the market’s mind.
The general risks remain high, but green shoots of opportunity may be on the horizon after the recent turmoil.
Ready to start trading?
The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.
#Interest #Rates #Fed #InterestRates #Banks #Banking #FinTechNext Article
Apple’s after-hours earnings blip dents otherwise positive sentiment.
US markets bounded higher on “do no harm” data, with broad based gains across all major indices and continued positive earnings, with November starting off particularly well and hopes building that we will break a three-month losing streak for US equities. It has been a fraught week for investor nerves, with a plethora of potentially signif...
November 3, 2023Read More >Previous Article
Markets Watch the Fed Decision Tonight – But Will We Stray from the Current Path?
After the BOJ's action yesterday, the ramp-up of earnings season, treasury auctions, and a flurry of data over the next few days—including U.S. jobs...
November 1, 2023Read More >Please share your location to continue.
Check our help guide for more info.