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Monthly Archives: May 2024

All Eye Will Be On Today’s NFP

Written on May 9, 2024 at 5:44 am, by

Market Summary Following Jerome Powell’s remarks subsequent to the Fed’s interest rate decision announcement, equity markets rallied in response to the dovish tone from the Fed chief, while the Dollar index continued its decline. The Fed’s dismissal of another rate hike possibility, despite persistent inflation in the U.S., contributed to the Dollar’s weakening. Market attentionContinue Reading

Dollar Hammers By Dovish Powell Statement

Written on May 9, 2024 at 5:43 am, by

Market Summary The financial markets were roiled by Jerome Powell’s remarks following the Fed’s interest rate decision announcement. 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. Despite ongoing signs of inflationary pressures in the U.S, Powell indicated thatContinue Reading

Dollar Strengthens On Strong U.S. Wage Data

Written on May 9, 2024 at 5:40 am, by

Market Summary 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. This data underscores the tightness of the U.S. job market and raises concerns about potential inflationary pressures. Investors are eagerly anticipating the Federal Open MarketContinue Reading

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