Monthly Archives: June 2024
41654156156Soft PMI Reading Hammers Dollar Lower
Written on June 4, 2024 at 6:13 am, by 王建军
* U.S. Dollar continued to slide as the PMI readings came short. * Seeking today’s JOLTs job opening data to gauge the dollar’s strength. * Gold traded within its sideways range despite the dollar having been weakening. Market Summary The U.S. dollar remained on a downward trajectory following the release of yesterday’s PMI readings, whichContinue Reading
GBP/USD Rose As Weak PMI Data Weigh On Dollar
Written on June 4, 2024 at 2:05 am, by 王建军
Fundamental Analysis * Greenback Gloom: The Pound Sterling strengthened against the US Dollar after the recent release of unexpectedly weak U.S. Manufacturing PMI data, which negatively impacted the dollar. The Institute for Supply Management (ISM) reported on Monday that the U.S. manufacturing sector contracted at a faster rate in May. The ISM Manufacturing PMI fellContinue Reading
Soft PCE Boost Equity Market
Written on June 3, 2024 at 5:35 am, by 王建军
* Soft PCE reading hammered the dollar’s strength and improved stock market performance. * Eye on today’s U.K. and U.S. PMI readings. * Oil prices are expected to be hindered by the outcome of the OPEC meeting. Market Summary The highly anticipated U.S. PCE, the Fed’s preferred inflation gauge, met market expectations when released lastContinue Reading
