Monthly Archives: July 2024
Wall Street Rallies On Powell’s Dovish Tone
Written on July 25, 2024 at 6:18 am, by
Market Summary As we step into the earnings report season, the U.S. equity market rallied, with the Dow Jones climbing to its highest point in the last session, gaining over 200 points. The aftermath of Donald Trump’s shooting incident has influenced the equity market, compounded by a dovish statement from Jerome Powell indicating that inflationContinue Reading
U.S. Geopolitical Issue Boost Dollar’s Strength
Written on July 25, 2024 at 6:17 am, by
Market Summary Over the weekend, a significant event unfolded in the U.S. presidential race as candidate Donald Trump was shot at a campaign rally in Pennsylvania, intensifying geopolitical uncertainty across markets. The dollar swiftly reacted, rebounding from recent lows amid expectations that Trump’s fiscal policies, known for potentially boosting treasury yields, could strengthen the currencyContinue Reading
Dollar Plummet On Soft CPI
Written on July 25, 2024 at 6:16 am, by
Market Summary The highly anticipated U.S. CPI report met expectations with a figure below market consensus, shaking up financial markets. The dollar plummeted to its lowest level since last month amid heightened speculation of a dovish Fed stance. Concurrently, the U.S. equity market experienced a notable anomaly, marked by significant declines. This anomaly is attributedContinue Reading
