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Monthly Archives: March 2024

Financial Market Await Powell’s Testimony

Written on March 12, 2024 at 5:45 am, by

* Gold prices are on the brink to hit its all time high ahead of Powell’s testimony on Wednesday. * Tokyo Core CPI came in line with the market expectation with an increase from the previous reading fuels hope for a rate hike from BoJ. * BTC surged to above the $68000 mark for theContinue Reading

Categories: Trading Knowledge

Poor PMI Reading Weigh On Dollar’s Strength

Written on March 12, 2024 at 5:43 am, by

* Poor ISM PMI readings put pressure on dollar strength. * Traders’ eyes on Tokyo Core CPI due tomorrow to gauge the Yen’s strength. * OPEC+ will extend oil supply cuts to the second quarter of 2024 to avert a global surplus. Market Summary Last week’s release of ISM PMI readings, which fell short ofContinue Reading

Categories: Trading Knowledge

Poor PMI Reading Weigh On Dollar’s Strength

Written on March 12, 2024 at 5:43 am, by

* Poor ISM PMI readings put pressure on dollar strength. * Traders’ eyes on Tokyo Core CPI due tomorrow to gauge the Yen’s strength. * OPEC+ will extend oil supply cuts to the second quarter of 2024 to avert a global surplus. Market Summary Last week’s release of ISM PMI readings, which fell short ofContinue Reading

Categories: Trading Knowledge

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