Monthly Archives: September 2024
U.S. Dollar Steady Ahead of CPI
Written on September 18, 2024 at 11:08 pm, by
Market Summary The U.S. dollar remained stable in the last session as traders await Wednesday’s key U.S. inflation data, which is expected to provide clues on the Federal Reserve’s rate cut decision next week. Wall Street saw a slight recovery from its recent bearish trend, with the Dow Jones surging nearly 500 points. In contrast,Continue Reading
Wall Street Capitulate on Soft NFP Reading
Written on September 18, 2024 at 11:08 pm, by
Market Summary The financial markets were shaken by the release of key U.S. economic indicators last Friday, triggering heightened volatility across sectors. The Nonfarm Payrolls (NFP) came in significantly lower than expected at 142k, indicating a slowdown in U.S. economic growth. This weighed heavily on Wall Street, with the Nasdaq dropping more than 2.5%. TheContinue Reading
All Eyes on Today’s U.S. NFP
Written on September 18, 2024 at 11:06 pm, by
Market Summary Ahead of today’s highly anticipated Nonfarm Payroll (NFP) report, the U.S. dollar remains under pressure, with major market players like Citigroup and JP Morgan betting on a larger rate cut from the Federal Reserve this month. The ADP Nonfarm Employment Change report, released yesterday, significantly missed market expectations, while unit labour cost growthContinue Reading
