Monthly Archives: May 2024
41654156156Soft NFP Spurs Stock Market
Written on May 6, 2024 at 5:24 am, by jonywang
Market Summary Last Friday saw a notable weakening in the dollar, with the dollar index (DXY) declining to its monthly low following the underwhelming U.S. Non-Farm Payroll (NFP) report, which significantly missed market expectations. This soft job data has fueled market speculation about a possible interest rate reduction by the Federal Reserve in the thirdContinue Reading
Canadian Dollar Weakens Despite US NFP Missed
Written on May 6, 2024 at 2:16 am, by jonywang
Fundamental Analysis * Loonie Downturn: On Friday, the Canadian Dollar (CAD) experienced a widespread decline despite disappointing US Nonfarm Payrolls (NFP) and wage data, causing it to plummet after an initial uptick. Given the absence of significant economic data in Canada until Tuesday, the Canadian Dollar was vulnerable to broader market dynamics. Poor US dataContinue Reading
Common Mistakes In Trading A CFD Trader Makes
Written on May 3, 2024 at 5:34 pm, by jonywang
Entering the world of financial trading can be as thrilling as it is challenging, with Contracts for Difference (CFD) offering a gateway to the volatile markets. Yet, even the most experienced CFD traders can sometimes find themselves stumbling through the same pitfalls. Is it a lack of knowledge, overconfidence, or just bad luck? The truthContinue Reading
