Monday Market Update I 26-Feb-2024
Oil prices dropped due to the strengthening dollar, raising concerns over inflation and the potential delay of cuts to U.S. interest rates, thereby impacting global fuel demand.
Meanwhile, Asian stocks remained near a seven-month high as investors awaited inflation updates from the US, Japan, and Europe to gauge future rate adjustments.
Japanese consumer price figures, anticipated to reveal a slowdown, are slated for release on Tuesday. Moreover, EU inflation data, expected to demonstrate a decline, is set to be published on Friday, potentially influencing ECB policy decisions.
In the US, an eventful week is anticipated, featuring key reports on durable goods, consumer confidence, GDP, core PCE, initial jobless claims, and manufacturing PMIs.
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
https://youtu.be/nC7s5cO7Xl8 Gold prices (XAU/USD) have recovered modestly from a one-month low near $2,583-$2,584 touched during…
https://youtu.be/ZlrmvoOvDd4 Gold prices (XAU/USD) are struggling to maintain a modest rebound after touching a one-week…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
Dear Valued Clients, The global gold market has experienced significant volatility recently, with market liquidity…
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