Monthly Archives: June 2024
41654156156Market Remains Hopeful On Rate Cut? All Eyes On PCE!
Written on June 21, 2024 at 6:17 am, by 王建军
Tuesday, 25 June 2024, 16:00 – US CB Consumer Confidence (Jun) According to the U.S. Conference Board, consumer sentiment in the U.S. improved in May, with the CB Consumer Confidence Index rising to 102 from 97.5 in April. While the survey indicated a slight decline in consumers’ views of current business conditions, overall sentiment wasContinue Reading
Japanese Yen Hammers By Soft CPI
Written on June 21, 2024 at 5:32 am, by 王建军
Market Summary The spotlight was on the Pound Sterling following the Bank of England’s (BoE) interest rate decision announced yesterday. Despite the UK’s Consumer Price Index (CPI) reaching the targeted rate of 2%, the BoE voted 7-2 to maintain its interest rate unchanged, providing buoyancy for the Pound Sterling. However, the BoE Governor emphasised aContinue Reading
Pound Sterling Slips Amid BoE Rate Decision
Written on June 21, 2024 at 2:42 am, by 王建军
Fundamental Analysis * Dovish Tone: The GBP/USD exchange rate declined after the Bank of England (BoE) decided to keep interest rates at 5.25%. The accompanying statement indicated the decision was “finely balanced,” implying there was a significant risk the BoE might have opted to cut rates. The language of the accompanying statement and minutes wasContinue Reading
