GBP leads, VIX drops, Gold hits $3,400, Nasdaq eyes ATH [Video]
|The Dollar is starting to slump as market expectations shift sharply following the Fed’s evolving tone. Traders are now pricing in 1–2 rate cuts this year, and in a worst-case scenario, even a third cut - a stark reversal from the previous hawkish stance.
This shift has triggered a major move in the Forex markets, with foreign currencies rallying across the board. The British Pound leads the charge, showing the cleanest and most directional move to the upside.
On the risk side, the VIX is now at 17.00, a clear sign that risk-on sentiment is returning to the market. This opens the door for Nasdaq, Dow, & S&P 500 to potentially revisit or even break through all-time highs, as momentum builds behind tech stocks.
Meanwhile, Gold continues its sustained rally, now trading around the $3,400 level, fueled by falling yields, a softening dollar, and increasing demand for store-of-value assets.
Key highlights covered
- Dollar weakness as markets price in up to 3 rate cuts.
- GBP is leading the FX rally with a clean, strong move.
- VIX down to 17.00 - risk-on mode activated.
- Nasdaq aiming toward all-time highs.
- Gold surges past $3,400 and shows no sign of slowing.
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