Monthly Archives: March 2024

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Will U.S Jobs Data Make or Break Dollar Next Week?

Written on March 1, 2024 at 5:46 am, by

Wednesday, 6 March, 15:15 – ADP Nonfarm Employment Change (Feb) In January, private payroll growth decelerated to 107,000, falling short of expectations and reflecting a decrease from the downwardly revised figure of 158,000 in December. While this data implies a prudent commencement in the private sector labor market, it is noteworthy that overall economic growthContinue Reading

U.S. PCE Reading Boost Dollar Strength

Written on March 1, 2024 at 5:43 am, by

The much-anticipated U.S. PCE reading, the Federal Reserve’s preferred inflation gauge, was released yesterday, meeting market expectations at 2.4%. The much-anticipated U.S. PCE reading, the Federal Reserve’s preferred inflation gauge, was released yesterday, meeting market expectations at 2.4%. As the market awaits comments from Federal Reserve officials regarding the PCE inflation gauge, gold prices haveContinue Reading

Trade Of The Day: Is EUR/USD Finally Escaping Consolidation?

Written on March 1, 2024 at 2:30 am, by

Fundamental Analysis German Data Disappoints, Economic Weakness: The EUR/USD lost its upward momentum following a mix of lackluster German Retail Sales and Consumer Price Index (CPI) report that fell short of expectations. January’s German YoY Retail Sales of -1.4% were slightly better than the forecast of -1.5%, reflecting a modest improvement from the previous -1.7%.Continue Reading

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