Week Ahead 4th – 8th March Mon: Swiss CPI (Feb), South Korean GDP (Q4), Japanese Tokyo CPI (Feb), Tue: US Primary Super Tuesday, Chinese Caixin
Category: Resources
US Dollar erases European incurred losses despite weaker Durable Goods
Share: The US Dollar turns flat ahead ater Durable Goods release. Market sentiment becomes unclear with investors awaiting further data in pivotal week.
USD, Euro and Gold Eye Inflation Data, Sterling Supported
General sentiment soared in a week dominated by Nvidia’s impressive performance and encouraging guidance for Q1 2024. The chipmaker helped the S&P 500 reach another
Forexlive Americas FX news wrap: A mystery bid emerges in bonds
Markets: Gold up $12 to $2035 US 10-year yields down 6.7 bps to 4.51{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea} S&P 500 up 2 points to 5088 WTI crude oil down
S&P 500 Index has further to go, with year-end target of 5,100 – Deutsche Bank
Share: Economists at Deutsche Bank expect the S&P 500 Index to extend its race higher over the course of the year. S&P 500
Rand Marginally Weaker after Local CPI Inflation
Local CPI Key Takeaways: 1. Consumer inflation in South Africa increased in January 2024, driven by rising prices for food, housing, utilities, transport, and miscellaneous
Weekly Market Outlook (24-28 July)
UPCOMING EVENTS: Monday: EZ-UK-US PMIs. Tuesday: US Consumer Confidence. Wednesday: Australia CPI, FOMC Policy Decision. Thursday: ECB Policy Decision, US Jobless Claims, US Q2 GDP.
XAU/USD bears pile in, threatening to crack the 50-DMA, eyeing $1830
Share: Gold price extended its losses in the session, down by 0.22{1ee39e3acc10434a15a890fd51cf667ef170c7688a3ed9fdd4a0306036aeb20d}. The University of Michigan’s Consumer Sentiment improved, while inflation expectations jumped