Monthly Archives: March 2024
Market Welcomes Easter, Will Data Egg-cites Next Week?
Written on March 29, 2024 at 6:39 am, by 王建军
Monday, 1st April 2024, 16:00 – ISM Manufacturing PMI (Mar) In February, economic activity within the U.S. manufacturing sector continued its contraction for the 16th consecutive month in February with the data stood 47.8 against 49.1 recorded in January, according to the Institute for Supply Management (ISM). The contraction was due to slowing demand andContinue Reading
Dollar Gains On Upbeat U.S. GDP Data
Written on March 29, 2024 at 5:21 am, by 王建军
Market Summary The Dollar surged as upbeat U.S. GDP data, surpassing expectations at 3.4%, fueled speculation of a Federal Reserve pullback on anticipated rate cuts, heightening investor confidence in the currency. Concurrently, safe-haven gold experienced significant bullish momentum as investors hedged portfolios ahead of pivotal events despite the dollar’s ascent. Eyes are keenly set onContinue Reading
U.S. Equity Market Rally Ahead of GDP
Written on March 28, 2024 at 4:14 am, by 王建军
Market Summary The dollar index (DXY) edged higher in anticipation of the U.S. GDP release scheduled for later today. However, it’s noteworthy that the U.S. long-term treasury yield is easing from its recent peak at 4.30%, which may exert downward pressure on the dollar’s strength. Meanwhile, the U.S. equity market, led by the Dow Jones,Continue Reading
