Market Recap I 07-Mar-2024
Gold prices reached a record high in Asian trading due to hints from Federal Reserve Chair Jerome Powell about potential rate cuts in 2024. However, Powell emphasized that rate cuts would only occur once there is convincing evidence that inflation is nearing the 2% target.
Japan’s Nikkei slid 1.4% after hitting a fresh all-time high, while the yen strengthened by 0.5% to 148.61 per dollar, the highest in a month, as momentum builds that a move from the Bank of Japan to end negative interest rates could come as early as this month.
Markets exhibited caution ahead of the European Central Bank meeting later today, Thursday.
Gold prices showed weakness after the precious metal reached an all-time high last week. This…
Key Takeaway Global financial markets experienced a notable rebound during this , thanks to easing…
Key Takeaways: Apple and Amazon report better-than-expected results for the first quarter of 2025 Optimism…
USD JPY shows a strong uptrend on the hourly chart, evidenced by a clear series…
EURUSD 1H chart shows downtrend accelerating in recent sessions since the beginning of the week.…
Key Takeaways: GDP numbers in the US show contraction in the economy of 0.3% in…
This website uses cookies.