Monthly Archives: April 2024
41654156156Upbeat PMI Readings Bolsters Dollar
Written on April 2, 2024 at 5:32 am, by 王建军
Market Summary The dollar index (DXY) surged by nearly 0.5% in the previous session, propelled by the robust ISM PMI readings surpassing the 50-mark threshold, signalling sustained economic growth in the United States. Federal Reserve Chair Jerome Powell’s relatively dovish remarks last Friday, following the release of the PCE reading within expectations, fostered market anticipationContinue Reading
AUD/USD Plunged Amid Dovish RBA
Written on April 2, 2024 at 1:53 am, by 王建军
Fundamental Analysis * RBA Bombshell: The Aussie dollar have plunged against the dollar after the Reserve Bank of Australia (RBA) have delivered a dovish statement in its meeting minutes. The Reserve Bank of Australia (RBA) released the minutes from its March monetary policy meeting, revealing that the board did not entertain the possibility of increasingContinue Reading
Dollar Dominance: Fed’s Hawkish Remarks
Written on April 1, 2024 at 3:43 am, by 王建军
Market Summary The Dollar Index extended its upward trend, buoyed by hawkish remarks from Federal Reserve officials and robust inflation figures, including the Personal Consumption Expenditures (PCE) Price Index hitting 2.5% annually. Concurrently, safe-haven gold surged to record highs amidst subdued market sentiment, although concerns lingered regarding the Federal Reserve’s inflation-fighting stance. Attention now turnsContinue Reading
