Monthly Archives: July 2024
41654156156Nasdaq Plummet Ahead Of Fed’s Interest Rate Decision
Written on July 31, 2024 at 5:33 am, by jonywang
Market Summary The Japanese Yen strengthened ahead of the BoJ’s interest rate decision, with part of the market anticipating a monetary tightening policy from the Japanese central bank due to sustainable inflation and wage growth in the country. If the BoJ raises rates by 10 bps, as expected, the Yen could strengthen further. On theContinue Reading
Swiss Franc Gains Despite Positive U.S Data, Rate Cut Weigh
Written on July 31, 2024 at 2:29 am, by jonywang
Fundamental Analysis * Swiss Defiance: The Swiss Franc gained against the dollar despite better-than-expected U.S. economic data, as investors continued to focus on the possibility of a Federal Reserve rate cut. The Conference Board’s Consumer Confidence Index increased to 100.30 in July, up from a revised 97.8 in June, indicating a slight improvement in U.S.Continue Reading
Dollar Poise Ahead of FOMC Meeting Minutes
Written on July 30, 2024 at 5:51 am, by jonywang
Market Summary The financial market remained relatively quiet in the last session ahead of crucial central bank interest rate decisions, including those from the Fed and BoJ, which are due tomorrow. The dollar index (DXY) managed to break above its near-term resistance level at 104.50, which has been a barrier for the past two weeks,Continue Reading
