Central banks in focus, Bitcoin surges, tech stocks rally, upcoming Fed decision

From Investing.com: 2024-12-16 06:30:00

The Dollar is slightly softer as the Fed decision approaches, with attention on the dot plot. Meanwhile, the Euro and Pound are firmer due to stronger services PMIs. Bitcoin is soaring on bets of a bitcoin strategic reserve. US yields have eased from highs ahead of the Fed meeting. Tech stocks are rallying on Wall Street, but markets in Europe and Asia are gloomy. Pound and Yen are eyeing central bank decisions. Bitcoin continues to surge on the news of a strategic reserve. Markets are focused on central bank meetings and the Fed’s decision on rate cuts.



Read more at Investing.com: Steady Start to Fed Week, Bitcoin Hits Record, Flash PMIs Underwhelm