Monthly Archives: April 2024
All Eye on the U.S. CPI
Written on April 19, 2024 at 6:28 am, by
Market Summary Market participants are keenly awaiting the U.S. Consumer Price Index (CPI) data set for release today, a crucial determinant of the Federal Reserve’s forthcoming monetary policy direction. In the lead-up, the Dollar Index (DXY) has experienced a downturn, struggling to stay above the critical 104.00 threshold. Concurrently, a decline in U.S. long-term treasuryContinue Reading
Gold Prices At All-Time High Ahead Of CPI
Written on April 19, 2024 at 6:27 am, by
Market Summary As the financial markets brace for the forthcoming U.S. Consumer Price Index (CPI) announcement on Wednesday, U.S. equities presented a subdued performance, while the dollar index witnessed a modest decline. The anticipation surrounding the Federal Reserve’s rate-cutting measures has been significantly adjusted, with expectations now set at a 60 basis points reduction forContinue Reading
Strong NFP Bolsters The Dollar
Written on April 19, 2024 at 6:25 am, by
Market Summary The U.S. labour market’s vigorous expansion, with the Non-Farm Payroll (NFP) report disclosing an impressive 303,000 job additions that exceeded both previous results and projections, accentuated the U.S. economy’s resilience and amplified concerns over enduring high inflation. Consequently, the Dollar Index (DXY) experienced a resurgence as forecasts about the Federal Reserve’s proclivity forContinue Reading
