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of Market Insights
Resilient US Dollar And Robust Banks: Key Market Highlights
Solid US economic data continue to boost demand on US Dollar. The US Dollar has gained strength as economic data surpassed expectations. Meanwhile, the robust banking sector sparked bullish momentum in the US equity market. The Federal Reserve’s stress test results showcased the resilience of major banks, including Wells Fargo, JPMorgan Chase, and Goldman Sachs.Continue Reading
Dollar Gains As Federal Reserve Unleashes Hawkish Tone
Fed’s hawkish tone continues to spark rate hike expectations, US Dollar extend its bullish momentum. The global financial landscape is being marked by shifting monetary policies and concerns over inflationary pressures. Federal Reserve Chairman Jerome Powell’s hawkish tone has injected confidence in the US dollar, as market expectations for a rate hike in July haveContinue Reading
Equity Markets Positive After Russia Mutiny Resolved
Geopolitical tensions eased following Prigozhin’s troops retreat from Moscow as both parties had reached consensus on certain deals. Political instability in Russia has abated as Prigozhin’s troops retreat from Moscow, leading to a positive response in equity markets, particularly the Nasdaq, which rose over 1%. Oil and gold prices declined as the situation in RussiaContinue Reading
