To hear it from bulls, the newborn year already belongs to central banks. Reviled not long ago for letting prices surge, Federal Reserve (Fed) chair Jerome Powell and his peers have been anointed by traders as saviors of the world.
As we wind down to the close of 2023, the Federal Reserve (Fed), European Central Bank (ECB) and the Bank of England (BOE) announced their rate policy decisions last week.
Asia market update: Quiet trading day pre-BOJ rate decision tomorrow, but implied USD/JPY volatility jumps to highest since July 27; $2.35B of M&A activity in Australia.
'Stock indices are beginning to run out of steam following six to seven weeks of straight gains', says Axel Rudolph, Senior Market Analyst at online trading platform IG.