Category Archives: Daily Market Analysis
All Eyes On Jackson Hole Economic Symposium
Written on September 7, 2023 at 9:22 am, by puprimedev
Before the release of the Jackson Hole Economic Symposium, the dollar surged impressively due to the positive initial jobless claims data. In anticipation of Jerome Powell’s address at the Jackson Hole Economic Symposium today, the dollar surged impressively by over 0.6% yesterday, propelling the dollar index to a current trading position above $104.00. This riseContinue Reading
Powell’s Hawkish Statement Boosts Dollar
Written on September 7, 2023 at 9:21 am, by puprimedev
The Fed chief has jointly reaffirmed his determination to combat inflation, which has strengthened the dollar. The Fed chief, along with the Deputy Governor of the BoE and the Chair of ECB, have jointly reaffirmed their determination to combat inflation until it remains consistently within the targeted range. This Hawkish stance has contributed to theContinue Reading
Risk-on Sentiment Heightens Ahead Of Job Data
Written on September 7, 2023 at 9:20 am, by puprimedev
US equities advanced as the dollar’s vigor abated after Jerome Powell’s dovish tone at the Jackson Hole Symposium. US equities advanced as the dollar’s vigor abated after assimilating Jerome Powell’s Jackson Hole Symposium discourse. Powell’s subtly dovish tone vowed meticulous inflation management to foster risk appetite. Speculation also swirled around a softer labor market andContinue Reading
