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Dollar Softens Ahead Of FOMC Meeting Minutes

US Dollar tumbled ahead of several crucial market events, including CPI, PPI as well as FOMC Meeting Minutes Investors navigated a cautious market terrain as more Federal Reserve officials echoed dovish sentiments, indicating the necessity of maintaining rates at a restrictive level to curb inflation. Anticipation mounts ahead of the September FOMC meeting minutes, expectedContinue Reading
Written on October 11, 2023 at 5:30 am
Categories: Daily Market Analysis
Dollar Softens On Fed’s Dovish Tone

The dollar index lost momentum following a dovish tone from Federal Reserve officials. In a surprising turn, the dollar index lost its momentum following a markedly dovish tone from Federal Reserve officials, igniting widespread speculation that the central bank might maintain interest rates through 2023’s end. This sentiment shift occurred amidst rising Treasury yields andContinue Reading
Written on October 10, 2023 at 6:01 am
Categories: Daily Market Analysis
Middle East War Bolsters Gold Prices

The week started with a surge in gold prices, driven by the escalating conflict in the Middle East involving Israel and the Palestinian militant group Hamas. The week kicked off with a surge in gold prices, climbing nearly 1%, driven by the escalating conflict in the Middle East involving Israel and Palestinian militant group, Hamas.Continue Reading
Written on October 9, 2023 at 5:16 am
Categories: Daily Market Analysis
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