Anna's Daybreak News

Good morning news fiends! Step into the world of news as we curate the most captivating stories, deliver fresh updates, and keep you informed with our daily roundup that leaves no headline unturned.

• The Federal Open Market Committee is expected to raise rates by a quarter point to the 5.25% to 5.5% range, making it the 11th increase since early 2022.


• Chair Jerome Powell to hold press conference 30 minutes after the decision is announced.


• The guidance for the July FOMC statement is likely to remain the same as June's.


• It's time to make sure your wallets are ready, cause the Central Bankers just pulled out the big guns
Source: Read More

• The carry trade strategy involves investing in a high-yielding currency, such as the Mexican peso, by borrowing from a low-yielding currency, such as the Japanese yen.


• The hypothetical returns of a $50,000 investment in this carry trade in the first six months of this year would have yielded an amazing $15,100.


• Investors are now concerned that the ever-growing popularity of this trade has become a double-edged sword, as appreciation of in the borrowing currency or depreciation of the investing currency can quickly wipe out gains.


• As the Federal Reserve, European Central Bank and Bank of Japan all set interest rates this could all shake up the game as soon as this week.


• The Dollar weakened on speculation that Fed rate increases may be drawing to a close, creating bargains for investors.


• Raw materials prices have been slow to respond to global economic resilience, giving commodity currencies the chance to shine.


• Analysts believe currencies like the Norwegian crown and Australian dollar are undervalued against the dollar.


• The Japanese yen is another undervalued currency, but the Bank of Japan is keeping rates ultralow.


• The dollar slump has added worries of an overcrowded carry trade, leading some to look for the exits.


• It's time to “dollar dive” and uncover the hidden gems that have the potential to leverage the buck’s decline"
Source: Read More

• Florida Governor Ron DeSantis’s presidential campaign has now laid off a third of his staff.


• Roughly two dozen staffers have been let go as part of the changes as donors and supporters press DeSantis to salvage his campaign.


• He trails GOP frontrunner Donald Trump by a wide margin in polls.


• Looks like the beaches in Florida won't be the only thing washed out in 2024!
Source: Read More

• Elon Musk has ambitious plans to transform Twitter into a comprehensive financial-services platform.


• This initiative follows failed attempts from other tech heavyweights such as Facebook, Google, and Amazon.


• Musk's goal is to revolutionize and democratize the financial services landscape.


• Let's just say Jamie Dimon better watch his back – they’re not calling him "The Banker" for nothing
Source : Read More

Baked with love,

Anna Eisenberg ❤️