Market Recap I 29-Feb-2024
The Federal Reserve’s favored measure of inflation – the core Personal Consumption Expenditures (PCE) Price Index – is scheduled for release later today on Thursday, with forecasts indicating a projected 0.4% increase.
Today, oil prices extended their decline from the previous session due to a larger-than-expected build in U.S. crude inventories.
Furthermore, the price of Bitcoin surged above the $60,000 threshold during Wednesday’s US session, marking its first ascent above this level since November 2021. This surge was driven by significant inflows into US-based ETFs, as highlighted by multiple analysts.
In a surprising turn of events, Apple has decided to terminate its decade-long effort to develop an electric car, a project known as Titan, shifting its focus from automotive innovation to artificial intelligence.
Gold has soared to a fresh high over the impact of the trade war between…
EUR/USD is climbing again after bouncing off 1.1270 over the 30-SMA, confirming it as support.…
China warns of retaliation against countries cooperating with U.S. trade measures that affect Chinese interests,…
Gold is less than $15 from the $3,400 level Gold continues to break new levels…
Key Takeaways U.S. Markets Close Lower with Growing Trade and Fed Tensions ECB Cuts Interest…
EURUSD: Potential Bearish Correction as RSI is in Overbought Territory Following a strong uptrend since…
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