Category Archives: Daily Market Analysis
CPI hammers DXY to below $100
Written on July 14, 2023 at 6:34 am, by pugeditor
The release of lower-than-expected CPI data on Wednesday has significantly impacted the financial market. The equity market has extended its gains, while gold prices have risen by over 1.5% following the data release. Conversely, the U.S. dollar continues to decline, breaking below the key psychological support level of $100. On a different note, former policymakersContinue Reading
CPI Shows U.S. Inflation Softening
Written on July 13, 2023 at 5:57 am, by pugeditor
US CPI released yesterday showed a two-year low inflation rate of 3%, leading to a decline in the US dollar. Yesterday’s release of the U.S. Consumer Price Index (CPI) revealed that the country’s inflation had reached a two-year low of 3%, lower than the previous reading and the forecasted figure. As a result, the dollar’sContinue Reading
Japanese Yen Strengthen With Heighten Recession Risk
Written on July 12, 2023 at 6:17 am, by pugeditor
Major central banks tightening policies, boosts Japanese Yen. The Japanese Yen has reached its highest level in a month, surpassing the 140 mark against the U.S. dollar. This surge is attributed to the growing concerns of a global economic downturn due to major central banks tightening their monetary policies to combat persistent inflation. The JapaneseContinue Reading
