Monthly Archives: April 2024
41654156156Wall Street Closes Higher On Profit Optimism
Written on April 24, 2024 at 5:48 am, by jonywang
Market Summary In the latest trading session, the Dollar Index retreated, failing to sustain its position above the $106 mark. This movement coincides with heightened buying interest in U.S. 2-year Treasuries, suggesting that investors are bracing for slower economic growth and potentially anticipating a Federal Reserve rate cut within the year. In the commodities market,Continue Reading
USD/CAD Drops On Weak U.S PMI, Sparks Rate Cut Hopes
Written on April 24, 2024 at 1:51 am, by jonywang
Fundamental Analysis * Loonie Buzz: The Canadian Dollar (CAD) strengthened against the US Dollar (USD) following weaker-than-anticipated US Purchasing Managers Index (PMI) data. The subdued performance in US economic activity is fostering optimism in the market, suggesting that the US Federal Reserve (Fed) may consider implementing rate cuts sooner than anticipated. The US PMIs unexpectedlyContinue Reading
U.S. Stock Markets Rebound On Profit Optimism
Written on April 23, 2024 at 3:50 am, by jonywang
Market Summary As we delve deeper into the earnings season, the spotlight shifts to the U.S. equity market, particularly with the impending release of earnings reports from tech giants such as Tesla, Microsoft, Meta Platforms, and Alphabet. Anticipation for a potential rally in the AI sector has fueled optimism among investors, propelling the market sentimentContinue Reading
