Monthly Archives: August 2024
41654156156Kiwi Soars Amid Strong New Zealand Employment Data
Written on August 7, 2024 at 2:04 am, by 王建军
Fundamental Analysis * Kiwi Rally: The New Zealand Dollar continues to strengthen against the USD, fueled by a stronger-than-expected employment report from New Zealand. Traders are adjusting their expectations, reducing bets on a potential rate cut by the Reserve Bank of New Zealand (RBNZ) next week. Statistics New Zealand’s data released on Wednesday revealed thatContinue Reading
Wall Street Dip With Looming U.S. Recession
Written on August 6, 2024 at 5:32 am, by 王建军
Market Summary The financial markets, especially the equity sector, continue to be shattered by recession fears. The U.S. equity fear index, VIX, spiked to 65.70—the highest level since the pandemic in 2020—before quickly retracing to 38. This fear weighed heavily on the equity market, with the Dow Jones closing more than 1000 points lower inContinue Reading
Oil Price Rebounds On Rising Middle East Conflict
Written on August 6, 2024 at 2:23 am, by 王建军
Fundamental Analysis * Tension-Fueled: Oil prices surged by over $1 on Tuesday, recovering from the previous day’s decline as fears of a worsening Middle East conflict overshadowed concerns about a potential U.S. recession that might dampen demand. The rise in oil prices comes amid heightened tensions between Israel and Iran, with both sides preparing forContinue Reading
