Monthly Archives: March 2024
41654156156U.S. CPI Top Estimation Strengthening Dollar
Written on March 13, 2024 at 5:26 am, by jonywang
Market Summary The recent U.S. CPI data, indicating a year-over-year increase of 3.2%, has caused a significant shift in market sentiment, suggesting a more cautious approach by the Federal Reserve towards cutting interest rates. This hinting at a sustained period of economic pressure that could delay the anticipated easing of monetary policy. Interestingly, despite theseContinue Reading
Loonie Weakens On U.S Data, Canada Economy Concern
Written on March 13, 2024 at 2:15 am, by jonywang
Fundamental Analysis * U.S data drift, Canadian woes: The Canadian Loonie has fell against the dollar as stronger-than-anticipated US inflation report weigh on market sentiment. The US inflation, as measured by the Consumer Price Index (CPI), unexpectedly increased to 3.2% YoY in February, keeping the Federal Reserve (Fed) on course to wait at least untilContinue Reading
Financial Market Stall Ahead Of CPI
Written on March 12, 2024 at 5:24 am, by jonywang
Market Summary The U.S. financial markets remained relatively calm in anticipation of the forthcoming Consumer Price Index (CPI) reading, slated for release later today. This inflation data is seen as a critical determinant for market speculation on the timing of potential monetary policy moves by the U.S. Federal Reserve. Concurrently, expectations of the Bank ofContinue Reading
