Monthly Archives: April 2024
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
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
