Monthly Archives: July 2024
41654156156Euro Gains On Renewed Rate Cut Expectations
Written on July 11, 2024 at 1:53 am, by 王建军
Fundamental Analysis * Dovish Outlook: The EUR/USD has risen against the greenback, buoyed by broad market selling of the US Dollar. Market sentiment has recovered significantly, with renewed expectations for rate cuts following Federal Reserve Chairman Jerome Powell’s dovish remarks during his two-day testimony before US Congressional committees. Powell expressed concerns that maintaining high interestContinue Reading
Dollar Calm On Neutral Powell’s Testimony
Written on July 10, 2024 at 3:44 am, by 王建军
Market Summary The highly anticipated testimony of Jerome Powell commenced yesterday, but the market remained calm as the Fed’s chief delivered a neutral statement. Powell acknowledged that inflationary pressure in the U.S. is showing signs of easing and raised concerns about potential risks to the labour market from persistent high borrowing costs. However, he refrainedContinue Reading
Oil Prices Drop As Supply Disruption Concerns Ease
Written on July 10, 2024 at 2:29 am, by 王建军
Fundamental Analysis * Barrel Blues: Crude oil prices have declined by over 1% as traders realized that prolonged supply disruptions from Hurricane Beryl were unlikely. Hurricane Beryl was initially predicted to cause significant damage to U.S. crude hubs, but major refineries along the Gulf Coast sustained minimal impact after Beryl weakened into a tropical storm.Continue Reading
