Yearly Archives: 2024
Financial Market Stall Ahead Of CPI

Written on April 1, 2024 at 6:21 am, by
Market Summary The U.S. financial markets remained relatively calm in anticipation of the forthcoming Consumer Price Index (CPI) reading, slated for release later today. This inflation data is seen as a critical determinant for market speculation on the timing of potential monetary policy moves by the U.S. Federal Reserve. Concurrently, expectations of the Bank ofContinue Reading
Dovish Powell’s Testimony Hammers Dollar

Written on April 1, 2024 at 6:00 am, by
* The dollar index traded to its one-month low after a Dovish Testimony by Jerome Powell. * The soft dollar has pushed the gold to break its all-time high levels with strong bullish momentum in sight. * BTC rebounded and is back to $67000 territory. Market Summary The Powell testimony that began yesterday brought anContinue Reading
Gold Skyrocketing Ahead Of Powell’s Testimony

Written on April 1, 2024 at 6:00 am, by
* U.S. equity markets pulled back from a previous AI rally ahead of the Fed’s testimony. * Gold prices are approaching their all-time high levels, fueled by risk-off sentiment. * BTC plunged more than 10% after it traded beyond its all-time high at $68980. Market Summary U.S. equity markets are showing signs of fatigue afterContinue Reading