Monthly Archives: June 2024
41654156156USD/JPY Rebounds On Weak Japan Data, Positive Risk Sentiment
Written on June 7, 2024 at 2:11 am, by jonywang
Fundamental Analysis * Yen Fade: The USD/JPY pair has surged following a period of decline, driven by the strengthening of the US dollar amidst its recovery from recent setbacks triggered by a sell-off after the ISM Manufacturing PMI missed expectations, coupled with disappointing data from Japan. This includes reports of a continual decline in realContinue Reading
CFD Rollover Notice for June
Written on June 6, 2024 at 6:28 am, by lucaszhang
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please note: The rolloverContinue Reading
Dollar Hammers By Soft U.S. Job Data
Written on June 6, 2024 at 5:48 am, by jonywang
Market Summary The ADP Nonfarm Employment Change data released yesterday provided a preview of the highly anticipated Nonfarm Payroll report due on Friday. The dollar tumbled to its lowest level in two months following the disappointing job data, which reinforced bets on a Federal Reserve rate cut. This speculation of a dovish shift in FedContinue Reading