Monthly Archives: May 2024
41654156156Dollar Hammers By Dovish Powell Statement
Written on May 2, 2024 at 5:47 am, by 王建军
Market Summary The financial markets were roiled by Jerome Powell’s remarks following the Fed’s interest rate decision announcement. Powell’s dovish stance prompted a sharp decline in the strength of the U.S. dollar, while gold prices rebounded on the prospect of a softer dollar. Despite ongoing signs of inflationary pressures in the U.S, Powell indicated thatContinue Reading
Pound Rose On BoE Positive Comments, Soft U.S Dollar
Written on May 2, 2024 at 2:21 am, by 王建军
Fundamental Analysis * Sterling Spark: The British pound strengthened against the US dollar, buoyed by positive remarks from Bank of England officials and a decline in the dollar following the Federal Reserve’s recent interest rate decision. On U.S front, the Fed maintained its benchmark rate within a target range of 5.25%–5.50%. The Fed indicated itContinue Reading
Dollar Strengthens On Strong U.S. Wage Data
Written on May 1, 2024 at 4:14 am, by 王建军
Market Summary The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year. This data underscores the tightness of the U.S. job market and raises concerns about potential inflationary pressures. Investors are eagerly anticipating the Federal Open MarketContinue Reading
