All Eye Will Be On Today’s NFP
Market attention now shifts to today's U.S. NFP reading, which could provide insights into the Fed's forthcoming monetary policy decisions.
Dollar Hammers by Dovish Powell Statement
Powell's dovish stance prompted a sharp decline in the strength of the U.S. dollar, while gold prices rebounded on the prospect of a softer dollar.
Dollar Strengthens on Strong U.S. Wage Data
The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year.
Japanese Yen Fluctuation Eases after Rumour Clear
The Japanese Yen experienced a significant fluctuation, moving more than 500 pips against the U.S. dollar in the last trading session.
Japanese Yen Seesaw after Hitting 160 Mark
The Yen breached psychological resistance level at 160 against the U.S. dollar, as market participants observed no signs of Japanese authorities intervention.
All Eyes on Today’s U.S. PCE
The U.S. PCE index, scheduled for release later today, may exceed expectations, dampening prospects for Fed interest rate cuts.
Wall Street Closes Higher on Profit Optimism
U.S. markets experienced significant gains, with both the Nasdaq and S&P 500 closing up over 1% on impending earnings reports from tech giants
U.S. Stock Markets Rebound on Profit Optimism
the spotlight shifts to the U.S. equity market, particularly with the impending release of earnings reports from tech giants
Oil Prices Plummet on Strong U.S. Crude Inventories Build-up
Oil prices experienced a significant drop in the last session that was influenced by an accelerating build-up in U.S. crude inventories and concerns about oil demand.
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.
The Strong NFP Bolsters the Dollar
The U.S. labor 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; bolstering dollar
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.
