CURRENCIES: U.S. Dollar Maintains Strong Position: The USD continues to show a strong upward trend; focus is on EUR/USD, GBP/USD, and gold prices. Date and Analyst: Article written by Diego Colman, Contributing Strategist, on February 23, 2024. Anticipation for Core PCE Data: Markets …
On Thursday, the S&P 500 and Nasdaq Composite reached impressive new heights, largely driven by Nvidia’s remarkable quarterly earnings report. The S&P 500 surged by 2.11%, its best performance since January 2023, while the Nasdaq Composite soared by 2.96%, flirting …
CURRENCIES: Top of FormThe U.S. dollar pared some losses following the Federal Reserve’s minutes, which advised caution against early rate cuts. Despite an uptick in U.S. Treasury yields, the dollar experienced minor losses after the Jan. 30-31 FOMC minutes were …
On Wednesday, the stock market showed mixed outcomes, with the Dow Jones and S&P 500 making slight gains, while the Nasdaq Composite faced a decline, influenced by anxiously awaited Nvidia earnings and Federal Reserve insights. Nvidia’s stock dipped ahead of …
CURRENCIES: Top of Form U.S. Dollar Performance Pre-Fed Minutes: The U.S. dollar experienced a slight decline due to subdued U.S. yields, with a lack of significant market drivers on Tuesday. Anticipation for FOMC Minutes Release: Market volatility is expected to …
On Tuesday, the stock market faced a downturn, heavily influenced by a slump in technology stocks, especially with Nvidia’s earnings report on the horizon, causing its shares to fall by 4.4%. The Dow Jones Industrial Average slightly declined by 0.17%, …
CURRENCIES: Top of FormEuro’s Minor Decline: In a holiday-affected market, the Euro slightly dropped against the US Dollar. Persistent Downtrend: The Euro continues its year-long downtrend. Anticipation for German PMI: Market eyes are on Germany’s PMI data release this week, which could …
With U.S. markets closed in observance of Presidents Day, global financial markets took center stage, showcasing mixed sentiments across different regions and sectors. Europe’s Stoxx 600 index saw a modest rebound, while Asian markets presented a mixed picture, influenced by …
CURRENCIES: Overview of Market Trends for the Week Ahead: US stock indices and gold prices recovered their losses following concerns over US inflation. Persistent inflation at the producer and consumer levels in the US didn’t deter the stock indices, which …
As we delve into the economic calendar for the upcoming week, several pivotal events and data releases promise to provide insight into the global economic landscape. From inflation figures to central bank deliberations and purchasing managers’ indices (PMIs), market participants …
