Monthly Archives: March 2024
41654156156Dollar Bolsters By Upbeat Economic Data
Written on March 27, 2024 at 5:50 am, by 王建军
Market Summary The dollar index (DXY) saw an uptick yesterday amid favourable economic indicators, reinforcing the perception of a robust U.S. economy. Notably, the growth in Durable Goods Orders from -6.9% to 1.4% for February indicates ongoing consumption growth, potentially fueling persistent inflationary pressures. This development has caused a recalibration of market expectations regarding theContinue Reading
Euro Fell On Strong Dollar, Dovish ECB Outlook
Written on March 27, 2024 at 2:00 am, by 王建军
Fundamental Analysis * Dipping Euro: The Euro has slipped against the greenback from its weekly high following a buoyant USD supported by positive data and dovish signals from ECB. The US Census Bureau reported that Durable Goods Orders in February increased by 1.4% compared to the previous month, surpassing expectations of 1.1% growth and recoveringContinue Reading
Market Trades Dully Ahead Of PCE
Written on March 26, 2024 at 6:40 am, by 王建军
Market Summary The market exhibited relative quietness in yesterday’s trading session as investors positioned themselves ahead of Friday’s release of the PCE index. There is a palpable sense of confusion among market participants regarding the Federal Reserve’s forthcoming monetary policy. While the U.S. central bank remains steadfast in its commitment to implementing rate cuts thisContinue Reading
