Market Review | April 3, 2024
Market Review | April 3, 2024
Market Review | April 3, 2024
US manufacturing data boosted, with the US dollar rising on Monday. Gold prices show a trend of rising and falling
Key Movers, Intraday Strategies, Forex Focus US Stocks, Bonds, Commodities, and Currencies Essential Analysis for Today's Trading
The dollar index (DXY) surged by nearly 0.5% in the previous session, propelled by the robust ISM PMI readings surpassing the 50-mark threshold
Market Review | April 02, 2024
The Dollar Index extended its upward trend, buoyed by hawkish remarks from Federal Reserve officials and robust inflation figures, including the Personal Consumption Expenditures (PCE) Price Index hitting 2.5% annually.
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EBC Financial Group strengthens its global presence with full CIMA licence, underscoring the group’s commitment to stringent global regulatory standards.
Fed Governor Christopher Waller's recent comments have highlighted a cautious stance towards adjusting interest rates, marking a significant moment for the financial markets.
Please be advised that the following instruments' trading hours and market session times will be affected by the upcoming April holidays.
With the current bullish trend in cryptocurrencies, long positions for all cryptocurrency products (excluding USDTJPY) are incurring interest rate. Our company would have to reflect this on clients’ positions as well.
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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).
Economic data differentiation in Europe and America The US dollar continued to rise on Thursday, while gold hit a new record high
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.
Market Review for March 29,2024
In the forex market, stability was the theme for the U.S. dollar index, holding firm at 104.30. Minor fluctuations were observed across major currency pairs: the Euro slightly weakened against the dollar, closing at 1.0827
Market attention on the direction of the Japanese yen, with the US dollar slightly rising on Wednesday Gold rose 0.74% and recorded three consecutive positive days on the daily chart