CURRENCIES: Market confidence surged, led by Nvidia’s strong Q1 2024 forecast. Nvidia’s success propelled the S&P 500 to record highs; Japanese index topped after 34 years. Gold prices climbed, and the USD sought equilibrium amidst positive market sentiments. Anticipated January …
As we approach the end of February 2024, the financial world turns its focus towards a series of crucial economic updates slated for release. These reports, spanning from Japan’s inflation rates to the ISM Manufacturing PMI in the United States, …
CURRENCIES: U.S. Dollar Maintains Strong Position: The USD continues to show a strong upward trend; focus is on EUR/USD, GBP/USD, and gold prices. Date and Analyst: Article written by Diego Colman, Contributing Strategist, on February 23, 2024. Anticipation for Core PCE Data: Markets …
CURRENCIES: Top of FormThe U.S. dollar pared some losses following the Federal Reserve’s minutes, which advised caution against early rate cuts. Despite an uptick in U.S. Treasury yields, the dollar experienced minor losses after the Jan. 30-31 FOMC minutes were …
CURRENCIES: Top of Form U.S. Dollar Performance Pre-Fed Minutes: The U.S. dollar experienced a slight decline due to subdued U.S. yields, with a lack of significant market drivers on Tuesday. Anticipation for FOMC Minutes Release: Market volatility is expected to …
CURRENCIES: Top of FormEuro’s Minor Decline: In a holiday-affected market, the Euro slightly dropped against the US Dollar. Persistent Downtrend: The Euro continues its year-long downtrend. Anticipation for German PMI: Market eyes are on Germany’s PMI data release this week, which could …
CURRENCIES: Overview of Market Trends for the Week Ahead: US stock indices and gold prices recovered their losses following concerns over US inflation. Persistent inflation at the producer and consumer levels in the US didn’t deter the stock indices, which …
As we delve into the economic calendar for the upcoming week, several pivotal events and data releases promise to provide insight into the global economic landscape. From inflation figures to central bank deliberations and purchasing managers’ indices (PMIs), market participants …
CURRENCIES: Gold Prices Recovery Recent Surge: Gold prices climbed back above the crucial $2,000 mark, driven by a weaker U.S. dollar and lower Treasury yields following disappointing U.S. economic data. Economic Data Impact Retail Sales Data: January’s U.S. retail sales …
CURRENCIES: US Dollar Updates The U.S. dollar stabilizes after its surge post-CPI data, with the DXY index fluctuating near the break-even point. A lack of further gains does not imply a weakening of the bullish sentiment. Focus on technical analysis …
