Monthly Archives: March 2024
Financial Market Await Powell’s Testimony
Written on March 12, 2024 at 5:45 am, by
* Gold prices are on the brink to hit its all time high ahead of Powell’s testimony on Wednesday. * Tokyo Core CPI came in line with the market expectation with an increase from the previous reading fuels hope for a rate hike from BoJ. * BTC surged to above the $68000 mark for theContinue Reading
U.S. PCE Reading Boost Dollar Strength
Written on March 12, 2024 at 5:43 am, by
The much-anticipated U.S. PCE reading, the Federal Reserve’s preferred inflation gauge, was released yesterday, meeting market expectations at 2.4%. The much-anticipated U.S. PCE reading, the Federal Reserve’s preferred inflation gauge, was released yesterday, meeting market expectations at 2.4%. As the market awaits comments from Federal Reserve officials regarding the PCE inflation gauge, gold prices haveContinue Reading
Dollar Eases On Low GDP Growth
Written on March 12, 2024 at 5:42 am, by
The Dollar Index underwent considerable volatility, fluctuating within a range of approximately 0.3% in the recent session. The Dollar Index underwent considerable volatility, fluctuating within a range of approximately 0.3% in the recent session. This movement followed a mixed bag of U.S. economic data. On one hand, the last quarter’s U.S. GDP growth came inContinue Reading
