Monthly Archives: May 2024
41654156156Dollar Dips Ahead Of Key Data, Fed Insights
Written on May 27, 2024 at 5:53 am, by 王建军
Market Summary The Dollar Index dipped as investors took profits ahead of key economic data and events later this week, including the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index. With US markets closed for a holiday, trading in dollar-related products is expected to be subdued. Investors are also eyeing speeches fromContinue Reading
Pound Remain Steady Despite Weak Data
Written on May 27, 2024 at 2:05 am, by 王建军
Fundamental Analysis * Unyielding Pound: The pound sterling holds its ground against the dollar despite the release of weak UK data, as a drop in the dollar mitigates the impact of the negative figures. Earlier, the currency pair was under considerable pressure following a sharp decline in UK Retail Sales for April. The ONS dataContinue Reading