Monthly Archives: April 2024
Japanese Yen Seesaw after Hitting 160 Mark
Written on April 29, 2024 at 6:06 am, by
Market Summary The U.S. Personal Consumption Expenditures (PCE) data released last Friday slightly surpassed market expectations and the previous reading, supported by recent positive economic indicators in the U.S. This bolstered the dollar index, as investors interpreted the data as a sign that the Federal Reserve may scale back its plans for interest rate reductionsContinue Reading
All Eyes on Today’s U.S. PCE
Written on April 29, 2024 at 6:05 am, by
Market Summary The release of the U.S. GDP data yesterday sent shockwaves through the financial markets, as the GDP price index surpassed both forecasted and previous readings. This has prompted market speculation that the U.S. PCE index, scheduled for release later today, will also exceed expectations, dampening prospects for Fed interest rate cuts. In responseContinue Reading
Eye On U.S. GDP Today
Written on April 29, 2024 at 6:05 am, by
Market Summary The U.S. equity markets saw a halt in their two-day rally, primarily pulled down by disappointing earnings from Meta Platforms. As a result, both the Nasdaq and S&P 500 were left nearly unchanged, while the Dow Jones Industrial Average closed lower. Market focus is now turning to Alphabet and Microsoft, whose earnings reportsContinue Reading
