Monthly Archives: August 2024
Dollar Eases On Soft PPI Reading
Written on August 15, 2024 at 5:41 am, by
Market Summary Market risk appetite improved following the release of U.S. Producer Price Index (PPI) data, which came in lower than expected at 0.1%, below both the market consensus and the previous reading. This softer inflation figure suggests that inflationary pressures in the U.S. may be easing, prompting markets to increase their expectations for aContinue Reading
Gold Price Stimulates by Geopolitical Tension
Written on August 13, 2024 at 5:39 am, by
Market Summary Gold prices experienced their largest gain in three weeks, driven by escalating tensions in the Middle East and the easing of the U.S. dollar as markets await the crucial CPI reading due on Wednesday. Gold has surged to an all-time high above $2,460, as uncertainties surrounding developments in both the Middle East andContinue Reading
Wall Street Advances Ahead of CPI
Written on August 12, 2024 at 5:12 am, by
Market Summary The equity markets continued their upward momentum, driven by the easing of the Japanese Yen’s strength. The Yen was pressured by a dovish tone from Japanese authorities, signalling that the Bank of Japan (BoJ) might keep its monetary policy unchanged amid rising global economic uncertainties. However, attention is now shifting to the upcomingContinue Reading
