Monthly Archives: May 2024
41654156156Soft U.S. Job Data Hammers Dollar
Written on May 10, 2024 at 5:25 am, by 王建军
Market Summary Following the market’s digestion of last Friday’s soft Nonfarm Payrolls report, the dollar index (DXY) initially showed signs of recovery, inching towards the $106 mark and mitigating previous losses. However, the dollar’s upward momentum was abruptly halted by the release of the latest U.S. Initial Jobless Claims data, which surged to levels unseenContinue Reading
Gold Surge Amid Weak U.S Jobs Data, Fed Rate Cut Speculation
Written on May 10, 2024 at 2:34 am, by 王建军
Fundamental Analysis * Cooling Labor: The price of gold resumed its upward movement and climbs more than 1% following weak US jobless claims data and falling US Treasury yields, dampening demand for the US dollar. The US Department of Labor revealed that Initial Jobless Claims for the week ending May 4 climbed to 231,000, surpassingContinue Reading
All Eye on BoE’s Monetary Decision Today
Written on May 9, 2024 at 5:33 am, by 王建军
Market Summary In the last session, the financial markets experienced relative calm, with the dollar index (DXY) maintaining stability around the 105.50 level, while U.S. equity markets remained near recent highs. Notable movements were observed in the bond markets, where the 10-year benchmark yields for Australia, New Zealand, and Japan saw increases, potentially bolstering theirContinue Reading
