Monthly Archives: April 2024
41654156156Aussie Dollar Remain Steadfast Following U.S Data.
Written on April 26, 2024 at 2:14 am, by jonywang
Fundamental Analysis * Aussie Ascendancy: The Australian dollar maintains its stability against the US dollar after recording a 0.33% increase on Thursday, driven by a United States report indicating that economic growth is below projections while inflation has accelerated. The US Dollar is facing downward pressure after a GDP report came in weaker than anticipated.Continue Reading
Eye On U.S. GDP Today
Written on April 25, 2024 at 5:40 am, by jonywang
Market Summary The U.S. equity markets saw a halt in their two-day rally, primarily pulled down by disappointing earnings from Meta Platforms. As a result, both the Nasdaq and S&P 500 were left nearly unchanged, while the Dow Jones Industrial Average closed lower. Market focus is now turning to Alphabet and Microsoft, whose earnings reportsContinue Reading
Trade Of The Day: Riding The USD/JPY Momentum
Written on April 25, 2024 at 1:57 am, by jonywang
Fundamental Analysis * Yen Buzz: The Japanese yen has weakened against the US dollar to its lowest levels since 1990, driven by robust US economic data. The growing yield gap between Japan and the US, fueled by higher US Treasury yields, has intensified pressure on the yen. Despite hints of vigilance from Japanese authorities, theContinue Reading
