Monthly Archives: March 2024
Dovish Powell’s Testimony Hammers Dollar
Written on March 12, 2024 at 5:46 am, by
* The dollar index traded to its one-month low after a Dovish Testimony by Jerome Powell. * The soft dollar has pushed the gold to break its all-time high levels with strong bullish momentum in sight. * BTC rebounded and is back to $67000 territory. Market Summary The Powell testimony that began yesterday brought anContinue Reading
Gold Skyrocketing Ahead Of Powell’s Testimony
Written on March 12, 2024 at 5:46 am, by
* U.S. equity markets pulled back from a previous AI rally ahead of the Fed’s testimony. * Gold prices are approaching their all-time high levels, fueled by risk-off sentiment. * BTC plunged more than 10% after it traded beyond its all-time high at $68980. Market Summary U.S. equity markets are showing signs of fatigue afterContinue Reading
Financial Market Await Powell’s Testimony
Written on March 12, 2024 at 5:45 am, by
* Gold prices are on the brink to hit its all time high ahead of Powell’s testimony on Wednesday. * Tokyo Core CPI came in line with the market expectation with an increase from the previous reading fuels hope for a rate hike from BoJ. * BTC surged to above the $68000 mark for theContinue Reading
