Monthly Archives: March 2024
41654156156Powell Promises Rate Cut, Will Next Week CPI Report Impact?
Written on March 8, 2024 at 6:41 am, by jonywang
Tuesday, 12 March 2024, 14:30 – U.S CPI (YoY) (Feb) In January, the annual rate of inflation dropped less than expected to 3.1% from 3.4% in December. Numerous economists and Federal Reserve officials have cautioned that the final push to bring inflation back to the bank target of 2% would be a challenge. While FedContinue Reading
Dollar Faces Strong Headwind From Dovish Fed
Written on March 8, 2024 at 5:33 am, by jonywang
* The dollar Index (DXY) continues to plunge due to persistent dovish messages from Jerome Powell. * Gold prices continue to break their all-time high level and currently face strong resistance at the $2160 mark. * BTC has rebounded and is back to $67000 territory. Market Summary The dollar is currently experiencing downward pressure, aContinue Reading
Trade Of The Day: Pound Surges Post-Fed, BoE Rate Cuts Expected
Written on March 8, 2024 at 2:56 am, by jonywang
Fundamental Analysis * Post-Fed Rate Cut Hopes: The Pound Sterling has exhibited strength against the US Dollar, driven by investor optimism regarding potential interest rate cuts by the Bank of England (BoE) after rate cut by the Federal Reserve (Fed). Market consensus anticipates rate adjustments during the upcoming June and August policy meetings for theContinue Reading
