Yearly Archives: 2024
Dollar Strengthen Ahead of GDP Reading
Written on October 1, 2024 at 5:52 am, by
Market Summary The U.S. dollar rebounded sharply towards the $101 mark ahead of key economic data releases, including GDP and the PCE reading due on Friday. The Dollar Index (DXY), however, faces resistance between $101.00 and $100.85 at its previous fair-value gap; a break above this range could shift the current bearish outlook. Meanwhile, WallContinue Reading
Chinese Equity Market Bullish After Rate Cut
Written on October 1, 2024 at 5:50 am, by
Market Summary The Asian equity market has taken centre stage in the global financial landscape, particularly with Chinese indexes, such as the China A50 and the Hang Seng Index (HSI), both surging by nearly 10% over the past two sessions. This rally has been driven by monetary easing policies and stimulus packages from the ChineseContinue Reading
Gold Poise at Peak Level
Written on October 1, 2024 at 5:49 am, by
Market Summary The U.S. dollar continues to trade at its lowest levels, but the Dollar Index (DXY) has found support above 100.60, with bearish momentum easing. Market sentiment is largely driven by anticipation of another 50 bps rate cut by the Fed before year-end. This week’s GDP and PCE readings will be key in shapingContinue Reading
