Tag Archives: Daily Market Analysis
of Market Insights
Market Sideways Ahead Of U.S. CPI
Dollar movement remains muted as investors await inflation data as well as the upcoming FOMC meeting The upcoming week is expected to be quite busy for investors, as significant events are anticipated to have a profound impact on the market. The U.S. Consumer Price Index (CPI) will be released on Tuesday, setting the stage forContinue Reading
Dollar Drops On Cooling U.S. Job Market
High jobless claims have weighed on the dollar and thrown a wrench into the market outlook on the Fed’s hiking schedule U.S. initial jobless claims recorded the highest level since October 2021, confusing the market which previously speculated the Fed might follow the footstep of RBA and BoC to raise rates next week. The equityContinue Reading
Is The Fed Going To Raise Interest Rates In June?
Despite the prevailing risk of an economic downturn in Australia, the RBA surprised the market by adding another 25 bps to its interest rate, vowing to bring the inflation rate down to 2%. The Canadian central bank followed the footstep of RBA and added 25 bps to its interest rate, causing the Canadian dollar toContinue Reading
