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*Equity market quiet and Dollar remain weak ahead of the FOMC Meeting Minutes release.  *Eyes on Jackson Hole Economic Symposium that commence tomorrow and its implication on the Forex market. *Gold trading with strong bullish momentum and recorded another all-time high in the last session. Market Summary Wall Street took a pause in the lastContinue Reading

*Dollar trade to its lowest level in 2024 ahead of FOMC meeting minutes released tomorrow.  *The RBA’s hawkish monetary policy meeting minutes bolster the Aussie dollar.  *Gold is poised at its all-time high level near $2500, awaiting for a catalyst to break the next level. Market Summary The Dollar Index (DXY) remains under pressure asContinue Reading

Market Summary Gold prices soared above the $2,500 mark for the first time, driven by expectations of potential interest rate cuts, which have weakened the dollar to its recent low levels. Market participants are now focused on Wednesday’s FOMC meeting minutes for insights into the Fed’s next monetary policy moves. Additionally, Federal Reserve Chair JeromeContinue Reading

Market Summary The U.S. dollar rebounded after being weighed down earlier in the week by softer-than-expected PPI and CPI readings. The turnaround was driven by stronger-than-anticipated U.S. Retail Sales growth and Initial Jobless Claims, which eased recession fears and bolstered the dollar’s strength in the last session. Wall Street reacted positively to the upbeat economicContinue Reading

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