Safe-Haven Surge Amid Rising Middle East Tensions
Gold surged past $2400 per troy ounce, hitting record highs driven by geopolitical tensions and global uncertainty
All Eye on the U.S. CPI
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.
Dollar Buoys by Optimistic NFP expectation
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
Bullish Gold Trades to All-time High
Gold prices have reached another milestone, currently trading steadily above $2300, as market sentiment leans towards the likelihood of a Federal Reserve interest rate cut this year.
Upbeat PMI Readings Bolsters Dollar
The dollar index (DXY) surged by nearly 0.5% in the previous session, propelled by the robust ISM PMI readings surpassing the 50-mark threshold
U.S. Equity Market Rally Ahead of GDP
the U.S. equity market, led by the Dow Jones, gained more than 1% last night as institutional investors rebalanced their quarter-end portfolios and exhibited enthusiasm for equities.
Dollar Bolsters by Upbeat Economic Data
The dollar index (DXY) saw an uptick yesterday amid favourable economic indicators, reinforcing the perception of a robust U.S. economy.
Market Trades Dully Ahead of PCE
The market exhibited relative quietness in yesterday's trading session as investors positioned themselves ahead of Friday's release of the PCE index.
Dollar Dive on Fed’s Dovish Statement
Fed Chair dovish statement indicated a commitment to rate cuts later this year, despite recent signs of inflationary pressure, exerted downward pressure on the dollar index (DXY), which declined by as much as 0.6%
BoJ Dovish Rate Hike Weaken Japanese Yen
The Bank of Japan (BoJ) has concluded its era of negative interest rates with its first rate hike since 2007, simultaneously ending its yield curve control (YCC) policy.
All Eye on BoJ Interest Rate Decision
All eyes are particularly focused on the BoJ, where there is anticipation for the possibility of the first rate hike in decades.