Monthly Archives: May 2024
41654156156Aussie Dollar Tumbles Following Hawkish FOMC
Written on May 23, 2024 at 2:18 am, by 王建军
Fundamental Analysis * Hawk Shock: The Australian dollar has dropped against the US dollar following the release of hawkish minutes from the Federal Open Market Committee (FOMC). The minutes indicated that the Federal Reserve might raise interest rates if inflation necessitates such action. The minutes stated that various participants mentioned willingness to tighten policy furtherContinue Reading
Dollar Dilemma: FOMC Caution
Written on May 22, 2024 at 3:10 am, by 王建军
Market Summary The US Dollar remained subdued as investors awaited the FOMC meeting minutes, with Federal Reserve officials emphasising the need for more evidence of easing inflation before considering rate cuts. This cautious stance has kept the dollar in check, influencing other markets as well. Gold prices stayed flat but slightly retreated due to theContinue Reading
Dollar Rebound on Fed’s Hawkish Tone
Written on May 21, 2024 at 5:12 am, by 王建军
Market Summary In yesterday’s market, the U.S. equity market took a breather after all three major indexes had risen more than 5% in May. All eyes are now on Nvidia’s earnings report due on Wednesday, which has the potential to spur the equity market further. In Asia, the Chinese stock markets also saw a retracement,Continue Reading
