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Monthly Archives: January 2024

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Dollar Holds Steady, All Eyes On US GDP Release 

Written on January 25, 2024 at 4:16 am, by

Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Robust US equity markets, fueled by strong corporate results, counter rising Treasury yields. Gold faces downward pressure due toContinue Reading

U.S. Dollar Edges Higher Ahead Of GDP 

Written on January 24, 2024 at 5:37 am, by

In the financial markets, the U.S. long-term treasury yield held firm above 4.1%, contributing to a slight uptick in the U.S. dollar’s value on the previous day. In the financial markets, the U.S. long-term treasury yield held firm above 4.1%, contributing to a slight uptick in the U.S. dollar’s value on the previous day. InvestorsContinue Reading

U.S. Equity Markets Trade At All-Time High

Written on January 23, 2024 at 5:39 am, by

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

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