Monthly Archives: April 2024
Dollar Bolsters By Upbeat Economic Data
Written on April 19, 2024 at 6:15 am, by
Market Summary The dollar index (DXY) saw an uptick yesterday amid favourable economic indicators, reinforcing the perception of a robust U.S. economy. Notably, the growth in Durable Goods Orders from -6.9% to 1.4% for February indicates ongoing consumption growth, potentially fueling persistent inflationary pressures. This development has caused a recalibration of market expectations regarding theContinue Reading
Market Trades Dully Ahead Of PCE
Written on April 19, 2024 at 6:14 am, by
Market Summary The market exhibited relative quietness in yesterday’s trading session as investors positioned themselves ahead of Friday’s release of the PCE index. There is a palpable sense of confusion among market participants regarding the Federal Reserve’s forthcoming monetary policy. While the U.S. central bank remains steadfast in its commitment to implementing rate cuts thisContinue Reading
Sticky Inflation Bolsters Dollar
Written on April 19, 2024 at 6:13 am, by
Market Summary At the outset of the week, market attention is squarely focused on the upcoming release of the Fed’s preferred inflation measure, the PCE index, scheduled for Friday, alongside remarks from Federal Reserve Chair Jerome Powell following the release. Currently, the U.S. dollar is supported by persistent inflationary pressures in the country, leading strategistsContinue Reading
