Last week saw slightly higher directional volatility in the Forex market, with only 7% of significant currency pairs and crosses fluctuating by more than 1%. Volatility has been relatively low ever since 2024 began. There was important action in US stock markets. Last week again saw new all-time high prices reached by the benchmark S&P 500 Index, the Nasdaq 100 Index, and the Dow Jones 30 Index. This rise in stock markets occurred despite the CME’s FedWatch tool showing strongly lowering expectations of a March rate cut by the Federal Reserve. Markets now see only a 4% chance of a rate cut in March, down from 10% one ... (full story)