{"id":10455,"date":"2024-02-26T10:20:18","date_gmt":"2024-02-26T10:20:18","guid":{"rendered":"https:\/\/www.vtmarkets.net\/?p=10455"},"modified":"2025-02-22T08:11:10","modified_gmt":"2025-02-22T08:11:10","slug":"forex-market-analysis-nvidias-strength-drives-record-highs-eyes-on-pce-data-amidst-usd-equilibrium","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.net\/de\/analysis\/forex-market-analysis-nvidias-strength-drives-record-highs-eyes-on-pce-data-amidst-usd-equilibrium\/","title":{"rendered":"Forex Market Analysis: Nvidia&#8217;s Strength Drives Record Highs; Eyes on PCE Data Amidst USD Equilibrium"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">CURRENCIES:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Market confidence surged, led by Nvidia&#8217;s strong Q1 2024 forecast.<\/li>\n\n\n\n<li>Nvidia&#8217;s success propelled the S&amp;P 500 to record highs; Japanese index topped after 34 years.<\/li>\n\n\n\n<li>Gold prices climbed, and the USD sought equilibrium amidst positive market sentiments.<\/li>\n\n\n\n<li>Anticipated January PCE inflation results could prompt continued USD decline and boost gold.<\/li>\n\n\n\n<li>Sterling remained strong with minimal impactful data expected to affect its position.<\/li>\n\n\n\n<li>The Euro&#8217;s rally against major G7 currencies may be losing momentum as the week ended.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h5 class=\"wp-block-heading\">STOCK MARKET:<\/h5>\n\n\n\n<p>Economic data: Dallas Fed Manufacturing Activity, February (-27.4 previously); New home sales, January (684,000 annualized rate expected, 664,000 previously); New home sales, month-over-month, January (+3% expected, +8% previously)<\/p>\n\n\n\n<p>Earnings: Domino&#8217;s Pizza (DPZ), Freshpet (FRPT), Hims &amp; Hers (HIMS), iRobot (IRBT), Workday (WDAY), Zoom (ZM)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Focus on new inflation data this week, particularly the PCE index reading on Thursday.<\/li>\n\n\n\n<li>S&amp;P 500 and Dow Jones both closed at record highs, with about 1% weekly gains.<\/li>\n\n\n\n<li>Nasdaq Composite also up, with a 0.6% increase.<\/li>\n\n\n\n<li>Upcoming inflation data could challenge recent stock market highs.<\/li>\n\n\n\n<li>Consumer confidence, manufacturing updates, and earnings from Salesforce, Lowe&#8217;s, Macy&#8217;s, Okta, and Best Buy are anticipated.<\/li>\n\n\n\n<li>A previous CPI report caused a market sell-off; a similar reaction might occur with the PCE inflation report.<\/li>\n\n\n\n<li>Economists expect January&#8217;s &#8220;core&#8221; PCE at 2.4% annually and 0.4% monthly, signaling potential inflation concerns.<\/li>\n\n\n\n<li>Market now anticipates three interest rate cuts in 2024, adjusting from previous expectations.<\/li>\n\n\n\n<li>Retail sector earnings in focus, with consumer spending trends under examination.<\/li>\n\n\n\n<li>Federal Reserve&#8217;s latest decision keeps interest rates unchanged.<\/li>\n\n\n\n<li>Citi&#8217;s analysis suggests the market hasn&#8217;t reached &#8220;euphoria&#8221; levels yet, indicating potential for further growth.<\/li>\n<\/ul>\n\n\n\n<p>Start your\u00a0<a href=\"https:\/\/www.vtmarkets.net\/cfd-shares\/us-cfd-shares\/\" target=\"_blank\" rel=\"noreferrer noopener\">CFD Shares Trading<\/a>\u00a0journey with VT Markets now!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CURRENCIES: STOCK MARKET: Economic data: Dallas Fed Manufacturing Activity, February (-27.4 previously); New home sales, January (684,000 annualized rate expected, 664,000 previously); New home sales, month-over-month, January (+3% expected, +8% previously) Earnings: Domino&#8217;s Pizza (DPZ), Freshpet (FRPT), Hims &amp; Hers (HIMS), iRobot (IRBT), Workday (WDAY), Zoom (ZM) Start your\u00a0CFD Shares Trading\u00a0journey with VT Markets now!<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-10455","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/posts\/10455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/comments?post=10455"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/posts\/10455\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/media?parent=10455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/categories?post=10455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/de\/wp-json\/wp\/v2\/tags?post=10455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}