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All Eye on Today’s CPI
Market Summary Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist. Chinese markets, in contrast,Continue Reading
Written on December 11, 2024 at 4:43 am
Categories: Daily Market Analysis
USD/JPY Rose Amid U.S Treasury Rebound, Awaiting CPI
Fundamental Analysis * Cautious Mood: The Japanese Yen has weakened against the US Dollar as deteriorating market sentiment and a rebound in U.S. Treasury yields weigh on the currency. Investors remain cautious about making significant bets while awaiting Wednesday’s U.S. Consumer Price Index (CPI) report. The inflation data is expected to highlight the challenges ofContinue Reading
Written on December 11, 2024 at 2:11 am
Categories: Trade Of The Day
Gold Surge on Rising Geopolitical Issues
Market Summary Chinese equities soared as top leaders signaled more aggressive stimulus measures to revitalize the economy. The Hang Seng Index and China A50 Index both rallied over 3% in the previous session, with momentum carrying into today’s trading. Oil prices rebounded from recent lows, buoyed by China’s economic revival plans and geopolitical tensions inContinue Reading
Written on December 10, 2024 at 5:45 am
Categories: Daily Market Analysis
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