Yearly Archives: 2024
U.S. Equity Markets Trade At All-Time High
Written on February 20, 2024 at 2:04 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
Dollar Ease On Profit-Taking Sentiment
Written on February 20, 2024 at 2:03 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
Soft Retail Sales Hammers Dollar
Written on February 20, 2024 at 2:02 am, by jonywang
The Retail Sales figure disappointed at -0.8%, marking its lowest point since January 2023. This has fueled expectations for a potential rate cut by the Federal Reserve in May. The much-anticipated U.S. Retail Sales figures failed to sustain positive sentiment following the robust Consumer Price Index (CPI) reading unveiled last Tuesday. Despite a decline inContinue Reading
