Monthly Archives: March 2024
Financial Market Await Powell’s Testimony
Written on March 5, 2024 at 7:38 am, by 王建军
* 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
Poor PMI Reading Weigh On Dollar’s Strength
Written on March 4, 2024 at 8:47 am, by 王建军
* 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
Will U.S Jobs Data Make or Break Dollar Next Week?
Written on March 1, 2024 at 5:46 am, by 王建军
Wednesday, 6 March, 15:15 – ADP Nonfarm Employment Change (Feb) In January, private payroll growth decelerated to 107,000, falling short of expectations and reflecting a decrease from the downwardly revised figure of 158,000 in December. While this data implies a prudent commencement in the private sector labor market, it is noteworthy that overall economic growthContinue Reading
