Monthly Archives: July 2024
41654156156Oil Price Slips Amid Ceasefire Talks, Demand Concerns
Written on July 24, 2024 at 2:03 am, by 王建军
Fundamental Analysis * Crude Collapse: The price of crude oil has dropped to a six-week low due to the anticipation of a ceasefire in Gaza and growing concerns about demand in China. In the Middle East, efforts to broker a ceasefire agreement between Israel and Hamas, based on a plan proposed by U.S. President JoeContinue Reading
Wall Street Rally As Risk Appetite Improve
Written on July 23, 2024 at 5:33 am, by 王建军
Market Summary Wall Street rallied in the last session as investors anticipate earnings reports from mega-caps including Alphabet and Tesla, due later today. Mitigated U.S. political uncertainty and renewed confidence in the U.S. economy, especially if Donald Trump is re-elected in the upcoming presidential election, have bolstered the equity market’s upward momentum. In the forexContinue Reading
Kiwi Plunged Amid Rising RBNZ Rate Cut Bets
Written on July 23, 2024 at 2:12 am, by 王建军
Fundamental Analysis * Kiwi Tumble: The New Zealand dollar remains under pressure due to increasing expectations of an imminent rate cut by the Reserve Bank of New Zealand (RBNZ). This sentiment has been driven by a softer Consumer Price Index (CPI) inflation for New Zealand in the second quarter (Q2), which has led to heightenedContinue Reading
