Monthly Archives: February 2024
U.S. Equity Markets Trade At All-Time High
Written on February 20, 2024 at 2:03 am, by jonywang
U.S. equity markets saw upward momentum, driven by a rally in tech stocks. The U.S. dollar maintained a sideways trajectory as market participants awaited more cues from the U.S. Personal Consumption Expenditures (PCE) data that is due on Friday. Investors are keenly observing developments that could provide insights into the upcoming monetary policy stance ofContinue Reading
Robust CPI Report Sparks Surge In Dollar Demand
Written on February 20, 2024 at 2:03 am, by jonywang
January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. The Dollar Index hits a three-month high, driven by robust economic indicators, including strong job reports, GDP figures and US inflation. January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. Market expectations for Federal Reserve policyContinue Reading
Dollar Ease On Profit-Taking Sentiment
Written on February 20, 2024 at 2:02 am, by jonywang
The Dollar Index (DXY) experienced a moderation in its bullish momentum due to prevailing profit-taking sentiment in the market. The Dollar Index (DXY), initially bolstered by a positive Consumer Price Index (CPI) reading, experienced a moderation in its bullish momentum due to prevailing profit-taking sentiment in the market. Nevertheless, the steadfastly hawkish stance maintained byContinue Reading
