and initially, it will drive to refresh the day’s high and later will march higher to capture 112.00 for the first time in the last two decades. On a broader note, the asset has recovered strongly after dropping to near 110.50 as long liquidations were kicked in.The decision of hiking interest rates by 75 basis points for the third time is not behind the carnage in risk-sensitive assets. What has haunted theis the optimal terminal rate target of 4.
is expected to release with a downward bias as the economy is facing the headwinds of higher interest rates, higher inflation rates, and lower demand from households.Durable Goods Orders, New Home Sales, Consumer Confidence, Gross Domestic Product , Core Personal Consumer Expenditure , ISM Manufacturing PMI.