Monthly Archives: March 2024
Dollar Faces Strong Headwind From Dovish Fed
Written on March 12, 2024 at 5:47 am, by
* The dollar Index (DXY) continues to plunge due to persistent dovish messages from Jerome Powell. * Gold prices continue to break their all-time high level and currently face strong resistance at the $2160 mark. * BTC has rebounded and is back to $67000 territory. Market Summary The dollar is currently experiencing downward pressure, aContinue Reading
Dovish Powell’s Testimony Hammers Dollar
Written on March 12, 2024 at 5:46 am, by
* The dollar index traded to its one-month low after a Dovish Testimony by Jerome Powell. * The soft dollar has pushed the gold to break its all-time high levels with strong bullish momentum in sight. * BTC rebounded and is back to $67000 territory. Market Summary The Powell testimony that began yesterday brought anContinue Reading
Gold Skyrocketing Ahead Of Powell’s Testimony
Written on March 12, 2024 at 5:46 am, by
* U.S. equity markets pulled back from a previous AI rally ahead of the Fed’s testimony. * Gold prices are approaching their all-time high levels, fueled by risk-off sentiment. * BTC plunged more than 10% after it traded beyond its all-time high at $68980. Market Summary U.S. equity markets are showing signs of fatigue afterContinue Reading
