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- PUPrime replied Feb 26, 2024
Short Market Recap (26/02/24) Dollar Index Range-bound as market anticipates potential delay in Federal Reserve rate cut decisions. Rate cut expectations recalibrated to 80 basis points, down from earlier projections of 150 basis points for early ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 23, 2024
Short Market Recap (23/02/24) Dollar Index: Initial retreat on technical correction reversed by strong US economic data. Positive figures include a decline in Initial Jobless Claims, better-than-expected S&P Global US Manufacturing PMI, and US ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 23, 2024
Short Market Recap (22/02/24) US Dollar: Maintains a neutral stance following FOMC meeting minutes. Federal Reserve signals caution on inflation, emphasizing a deliberate approach. Focus shifts to US economic performance, with the central bank ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 23, 2024
Short Market Recap (21/02/24) US Dollar: Experienced a pullback due to profit-taking ahead of FOMC meeting minutes. Investors focused on late-January meeting insights and nuanced discussions from Fed members. Central bank's decision to maintain ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 23, 2024
Short Market Recap (20/02/24) US Dollar: Maintained stability during a market holiday, awaiting cues from FOMC meeting minutes. Minor retracement observed due to profit-taking ahead of the critical meeting. Projections for aggressive Federal Reserve ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 18, 2024
Trade of the Day - Gold Analysis (Positive) image Fundamental Analysis: Geopolitical Tensions: The ongoing tensions in the Middle East, particularly the uncertain ceasefire talks between Israel and Hamas, are likely to support the demand for ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 18, 2024
Short Market Recap (19/02/24) Dollar Index · The Dollar Index Retraced after hitting three-month high. · Positive economic indicators, including strong jobs and GDP data, drive the surge. · January inflation exceeds expectations, with a 0.30% ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 12, 2024
Short Market Recap (13/02/24) Bitcoin: Surpasses $50,000, reaching a two-year high. Driven by investor interest amid expectations of global central bank rate cuts. Approval of the first US spot Bitcoin ETFs on January 10th boosts confidence and ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 8, 2024
Short Market recap (08/02/24) Dollar Index Retreat: Market Dynamics Dollar retreats from resistance amid a quiet week. Investors engage in profit-taking activities. Anticipation for fresh economic data and nuanced Fed remarks. US Equity Market: ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 7, 2024
Short Market Recap (07/02/24) Dollar Retreat and Fed Rate Cut Speculation: US dollar experiences slight retreat after reaching nearly three-month high. Strong economic data and hawkish Fed stance on interest rates supported dollar demand. Market ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 5, 2024
Short-Market Recap (02/02/24) Dollar Index Surges on Robust Jobs Data: Reaches seven-week high, showcasing resilience in the US job sector. Nonfarm Payrolls soar by 353,000, surpassing market expectations of 180,000. Positive indicators in Average ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 5, 2024
Short-Market Recap (02/02/24) Dollar Movement: Dollar Index declines on profit-taking before crucial jobs data. Initial surge from Powell's March rate cut dismissal. CME FedWatch Tool: 39% chance of March cut, 94% chance by May. US Nonfarm Payrolls ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Feb 5, 2024
Short market recap (01-02-2024) Dollar Fuels by Fed’s Hawkish Statement Despite Interest Rate Unchanged Fed's Interest Rate Decision: Fed keeps interest rates unchanged for the fourth consecutive meeting, in line with market expectations. Powell's ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Jan 26, 2024
Market Recap (26/01/24) Dollar Index Extends Bullish Run: The Dollar Index maintains its upward momentum, bolstered by robust US GDP data showing a significant 3.3% growth in the last quarter, surpassing market expectations. Despite the positive GDP ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Jan 26, 2024
Short Market Recap (25/01/24) Dollar Dynamics: Resilient Dollar Index: Despite robust US economic indicators diminishing rate cut expectations, the Dollar index remains steady. Upbeat Manufacturing and Services PMI data have shifted rate cut ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Jan 24, 2024
Short Market Recap (24/01/24) Dollar Hits Six-Week Peak ahead of Crucial Economic Data Dollar Index Reaches Six-Week High: The Dollar Index hit a six-week peak against major currencies, reflecting investors' anticipation of sustained positive ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Jan 23, 2024
Short-Market Recap (23/01/24) Dollar's Resilience: Dollar index maintains stability against major currencies. Top performer among developed market currencies, bolstered by upbeat economic data. CME FedWatch Tool shows reduced March rate cut ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Jan 22, 2024
Short-Market Recap (22/01/24) Dollar Index Correction: Despite a weekly gain, the Dollar Index faced a minor decline due to a technical correction. Diminished expectations for a Federal Reserve rate cut, supported by positive economic data and ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Jan 18, 2024
Short Market Recap (18/01/24) Dollar Hits One-Month High on Upbeat Data The Dollar Index surges to a fresh one-month high driven by robust US economic data, notably better-than-expected Retail Sales figures. Hawkish remarks from Fed Governor ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Jan 18, 2024
Short Market Recap (17/01/24) Dollar Gains Momentum on Hawkish Fed Signals: The Dollar Index continues its upward trajectory, supported by surging US Treasury yields. Federal Reserve member Christopher Waller's hawkish remarks reduce expectations ...
PUPrime In-Depth Market Analysis (Discussion)