Key points Nasdaq closed at a record high driven by optimistic remarks from Fed Chair Jerome Powell and declining Treasury yields. Home Depot shares dip after earnings reveal a focus on smaller home projects, reflecting a shift in consumer spending …
Key points: Gold prices saw an increase on Tuesday, rising 0.4% to $2,344.39 per ounce, despite a drop the previous day. Upcoming U.S. inflation data crucial for gauging future Federal Reserve policy decisions and its subsequent influence on gold prices. …
Key Points: The momentum of the USD has been influenced by hawkish monetary policy, with fewer than two rate cuts to be expected in 2024. Recent softening economic data, including employment and manufacturing indicators, hint at a potential reversal in …
Key points Gold faced resistance at $2,375 and subsequently retreated, highlighting a potential retest of support at $2,280. EUR/USD broke past significant moving averages, suggesting a possible continuation of its upward trend. On Monday, gold prices failed to sustain an …
Key points Copper prices hit their highest level since April 2022, reflecting increased investments in base metals. Weak demand persists in China due to high prices impacting consumer sectors, notably in wire rod manufacturing. Copper prices reached their highest point …
Key points: Investors are on high alert for the U.S. inflation report due this Wednesday, expected to influence future rate decisions. The Japanese yen approaches intervention-trigger levels, reviving concerns as it nears a two-week low against the U.S. dollar. The …
Key points: The dollar remains steady as investors anticipate US inflation updates. Speculations about Federal Reserve rate cuts shape market expectation. The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to …
Key Points: The Hang Seng Index rose by 0.80%, closing at 19,115.06, while the Hang Seng China Enterprises Index increased by 0.64% to 6,761.64. China’s central bank data indicates a significant drop in aggregate financing, hinting at cautious monetary policy …
Key points: US CPI and Fed speakers: Potential impact on interest rate expectations. Global market trends: Insights into current shifts in major stock indices and commodity prices. The US consumer price index (CPI) will be closely monitored this week, as …
As we edge closer to the CPI release on May 15, 2024, market participants are aware of the potential for this data to influence the Federal Reserve’s upcoming interest rate policies. This is especially crucial as it marks one of …
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