About: jonywang
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Dollar Holds Steady, All Eyes On US GDP Release
Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Robust US equity markets, fueled by strong corporate results, counter rising Treasury yields. Gold faces downward pressure due toContinue Reading
Written on February 20, 2024 at 3:25 am
Categories: Daily Market Analysis
All Eye On U.S. PCE Data
The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. Optimistic earnings outlooks from Nvidia suggest that the industry is outperformingContinue Reading
Written on February 20, 2024 at 3:24 am
Categories: Daily Market Analysis
U.S. PCE Pressures Dollar To Trade Lower
The PCE reading, revealed last Friday, contributed to a decline in the strength of the dollar. The Federal Reserve’s preferred inflation gauge, the PCE reading, revealed last Friday, contributed to a decline in the strength of the dollar. The inflation data, aligning with market expectations at 2.6%, suggests that pricing pressures in the U.S. areContinue Reading
Written on February 20, 2024 at 3:23 am
Categories: Daily Market Analysis
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