Monthly Archives: July 2024
41654156156Kiwi Slips Amid Weak NZ CPI, Increasing Rate Cut Bet
Written on July 18, 2024 at 2:20 am, by 王建军
Fundamental Analysis * CPI Drag: The New Zealand dollar weakened against the US dollar following the release of weaker-than-expected New Zealand CPI data, increasing speculation about a potential rate cut from the RBNZ. Government data revealed that the CPI rose 3.3% year-on-year for the three months ending June 30, below the expected 3.5% and downContinue Reading
Wall Street Rallies On Powell’s Dovish Tone
Written on July 17, 2024 at 5:05 am, by 王建军
Market Summary The U.S. equity market continued its rally in yesterday’s session, with the Dow Jones approaching its all-time high near the 41,000 mark. The Russell 2000 (US2000) small-cap index surged more than 10% since last Thursday, suggesting that strategists have been rotating their exposure to small-cap counters, which are more sensitive to interest rateContinue Reading
USD/JPY Gains After Strong US Retail Sales
Written on July 17, 2024 at 1:56 am, by 王建军
Fundamental Analysis * Retail Resilience: The Japanese Yen weakened against the U.S. dollar as the market absorbed stronger-than-expected U.S. Retail Sales data. The U.S. Commerce Department reported that retail sales remained flat in June, contrary to Wall Street’s prediction of a 0.3% decline in spending, based on Bloomberg data. Additionally, May’s retail sales figures wereContinue Reading
