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Category Archives: Daily Market Analysis

Dollar Eases Ahead Of FOMC Meeting Minutes

Written on February 23, 2024 at 6:51 am, by

As the FOMC January meeting minutes loom, the Dollar Index (DXY) is losing steam, struggling to maintain its value above $104. As the Federal Open Market Committee (FOMC) January meeting minutes loom, the Dollar Index (DXY) is losing steam, struggling to maintain its value above $104. Conversely, gold prices are surging due to the softenedContinue Reading

Fed’s Tightening Policy Remain, Meeting Minutes Shows

Written on February 23, 2024 at 6:50 am, by

The dollar index exhibited a narrow range of movement following the much-anticipated release of the FOMC meeting minutes yesterday. The dollar index exhibited a narrow range of movement following the much-anticipated release of the FOMC meeting minutes yesterday. As anticipated, board members expressed concerns about the potential risks of cutting rates too quickly, emphasising theContinue Reading

Raving Sentiment in the U.S. Stock Markets

Written on February 23, 2024 at 6:49 am, by

The U.S. stock markets, particularly the Nasdaq, have experienced a significant surge, reaching record high levels, largely driven by Nvidia’s impressive earnings report. The U.S. stock markets, particularly the Nasdaq, have experienced a significant surge, reaching record high levels, largely driven by Nvidia’s impressive earnings report, which signals a positive outlook for the technology sector.Continue Reading

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