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.
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https://www.youtube.com/watch?v=7HhdRjcGrIo USD/CAD continues to decline for the third consecutive session, trading near 1.4360 as rising…
MetaTrader 4, commonly abbreviated as MT4, is one of the most popular and widely used…
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…
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