Monthly Archives: July 2024
41654156156Wall Street Dip on AI Jitters
Written on July 25, 2024 at 5:34 am, by 王建军
Market Summary The U.S. equity market experienced one of its worst trading days this year, with the Nasdaq leading the decline, plunging more than 700 points in the last session. Investor concerns over the AI sector surged following Tesla’s earnings miss and Google’s higher-than-expected spending, both of which saw sharp declines. Meanwhile, the dollar remainedContinue Reading
Japanese Yen Soars Following Hawkish BoJ
Written on July 25, 2024 at 1:59 am, by 王建军
Fundamental Analysis * Yen Frenzy: The Japanese Yen (JPY) continues to strengthen against the dollar, driven by expectations that the Bank of Japan (BoJ) will raise interest rates at next week’s policy meeting. Toshimitsu Motegi, a senior official in the ruling party, has urged the BoJ to more transparently communicate its plans to normalize monetaryContinue Reading
Eye On Today’s PMI Readings
Written on July 24, 2024 at 5:39 am, by 王建军
Market Summary The dollar index traded in a relatively sideways range, poised at its weekly high, awaiting PMI readings to gauge the strength of the U.S. economy. The UK and eurozone PMI readings are due today and may directly impact the recent lacklustre price movement for both currencies. Conversely, the New Zealand dollar has beenContinue Reading
