Monthly Archives: March 2024
Gold Skyrocketing Ahead Of Powell’s Testimony
Written on March 12, 2024 at 5:46 am, by
* U.S. equity markets pulled back from a previous AI rally ahead of the Fed’s testimony. * Gold prices are approaching their all-time high levels, fueled by risk-off sentiment. * BTC plunged more than 10% after it traded beyond its all-time high at $68980. Market Summary U.S. equity markets are showing signs of fatigue afterContinue Reading
Financial Market Await Powell’s Testimony
Written on March 12, 2024 at 5:45 am, by
* Gold prices are on the brink to hit its all time high ahead of Powell’s testimony on Wednesday. * Tokyo Core CPI came in line with the market expectation with an increase from the previous reading fuels hope for a rate hike from BoJ. * BTC surged to above the $68000 mark for theContinue Reading
Poor PMI Reading Weigh On Dollar’s Strength
Written on March 12, 2024 at 5:44 am, by
* Poor ISM PMI readings put pressure on dollar strength. * Traders’ eyes on Tokyo Core CPI due tomorrow to gauge the Yen’s strength. * OPEC+ will extend oil supply cuts to the second quarter of 2024 to avert a global surplus. Market Summary Last week’s release of ISM PMI readings, which fell short ofContinue Reading
