Monthly Archives: May 2024
41654156156Surprise or Steady? April’s Core PCE Data to Set Market Tone

Written on May 24, 2024 at 6:58 am, by 王建军
Tuesday, 28 May 2024, 03:30 – Australia Retail Sales (MoM) (Apr) Australian retail sales experienced a greater decline than anticipated in the March quarter, dropping by 0.4% compared to the expected 0.2% decrease. This marked the lowest annual retail sales growth since 2021, excluding pandemic-related impacts. The primary factors behind this decline were higher mortgageContinue Reading
Dollar Gain on Hawkish Fed Prospect

Written on May 24, 2024 at 5:19 am, by 王建军
Market Summary Yesterday’s US data release surprised markets, with upbeat PMI readings exceeding expectations. The S&P Composite PMI reached a two-year high, while Initial Jobless Claims fell short of forecasts. This robust economic performance dampened hopes for a Fed rate cut this year, leading to a sharp selloff across both equities and fixed income markets.Continue Reading
New Zealand Kiwi Dips Amid Fears Of Fewer Fed Cuts

Written on May 24, 2024 at 2:07 am, by 王建军
Fundamental Analysis * Kiwi Troubles: The New Zealand Kiwi declined against the dollar after the rise in the US Purchasing Manager Index (PMI) figures reignited concerns that persistent inflation in the services sector could keep price growth elevated for much longer than investors hoping for rate cuts had initially anticipated. Expectations for rate cuts diminishedContinue Reading