About: 王建军
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NFP Hammers Dollar To 4 Months Low

Market Summary The aftermath of the Japanese yen’s strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark. The dollar index (DXY) has fallen to its lowest level since March, hovering above the $103Continue Reading
Written on August 5, 2024 at 5:33 am
Categories: Daily Market Analysis
Euro Climbs Following Weak U.S. Nonfarm Payrolls Data

Fundamental Analysis * NFP Flop: The euro surged against the dollar following the disappointing U.S. Nonfarm Payrolls (NFP) data. In July, NFP increased by 114,000, a decline from the revised 179,000 in June and below the forecast of 185,000, according to the Labor Department’s report on Friday. The Unemployment Rate also rose to 4.3%, theContinue Reading
Written on August 5, 2024 at 2:10 am
Categories: Trade Of The Day
Will the RBA Hike Rates Again? Inflation’s Rebound Sparks Uncertainty!

Monday, 5 August 2024, 16:00 – ISM Non-Manufacturing PMI (Jul) In June, U.S. services sector activity plunged to its lowest level in four years, driven by a significant decline in new orders. This concerning trend suggests a potential slowdown in economic momentum would likely spill over to the second half 2024. The Institute for SupplyContinue Reading
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