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Monthly Archives: October 2024

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USD Stays Strong: Can Next Week’s Data Fuel More Gains

Written on October 11, 2024 at 2:52 am, by

Tuesday, 15 October 2024, 14:30 – Canada CPI (YoY)(Sep) The latest release of Canada’s Consumer Price Index (CPI) for August 2024 showed a year-over-year increase of 2.0%, down from the previous 2.5% in July. The figures landing on the Bank of Canada’s target for the first time since 2021, leaving the door open for moreContinue Reading

Gold Defies Strong CPI on Geopolitical Fears

Written on October 11, 2024 at 2:26 am, by

Fundamental Analysis * Gold Surges Despite Better-than-Expected CPI? Gold initially declined after the inflation report but quickly rebounded as investors turned to safe-haven assets amid rising Middle East tensions. The recent Israeli airstrikes in Beirut fueled uncertainty, overshadowing the hotter-than-expected inflation data and reinforcing gold’s role as a hedge against geopolitical risks. This quick recoveryContinue Reading

Wall Street Bullish on Tech Rally

Written on October 10, 2024 at 5:45 am, by

Market Summary The Chinese equity market faced strong selling pressure in the last session due to disappointing economic data, while Wall Street reached another all-time high, driven by a fresh tech rally led by companies like Apple Inc, Amazon, and Netflix. However, traders should closely monitor today’s CPI reading, as a higher-than-expected result could placeContinue Reading

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