Market sentiment was subdued on Tuesday, with participants cautiously awaiting US CPI data amid ongoing trade uncertainties. Stocks mostly remained flat, Treasuries declined, and the dollar fell slightly below the 108 mark. The author maintains a bullish stance on the USD, supported by expectations of continued US economic outperformance, and sees equities trending higher despite expected market volatility. Federal Reserve Chair Powell's recent testimony emphasized maintaining current interest rate policies as the Fed assesses economic risks, reinforcing the mixed but generally optimistic sentiment in the markets.
Markets meandered on Tuesday amid soft sentiment as participants awaited the US CPI figures, highlighting ongoing trade uncertainties but supporting bullish USD and equities outlooks.
The market remained quiet as it digested trade developments and anticipated CPI data, reflecting a bullish sentiment towards USD and domestic equities, despite macroeconomic uncertainties.
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