Monthly Archives: April 2024
Dollar Buoys By Optimistic NFP Expectation
Written on April 19, 2024 at 6:24 am, by
Market Summary The dollar index (DXY) briefly dipped below the pivotal $104 mark before rebounding in anticipation of the upcoming release of the Non-Farm Payrolls (NFP) report, introducing an element of volatility into the market. Recent positive economic indicators, particularly the ADP non-farm employment change figures, exceeding expectations, have buoyed market sentiment surrounding the USContinue Reading
Bullish Gold Trades To All-Time High
Written on April 19, 2024 at 6:23 am, by
Market Summary Gold prices have reached another milestone, currently trading steadily above $2300, as market sentiment leans towards the likelihood of a Federal Reserve interest rate cut this year. Federal Reserve Chair Jerome Powell’s speech yesterday reiterated the central bank’s stance, indicating that it will take more time to assess market conditions before considering aContinue Reading
Dollar Eases Ahead Of Jerome Powell Speech
Written on April 19, 2024 at 6:22 am, by
Market Summary The U.S. stock market experienced a significant decline yesterday, with all three major indexes dropping by approximately 1%. This downturn occurred as U.S. long-term Treasury yields surged to their highest level since last December, fueled by robust economic data suggesting that the Federal Reserve might postpone interest rate cuts. However, the dollar indexContinue Reading
