Monthly Archives: May 2024
41654156156RBA and BoE Take Center Stage Amidst U.S. Light Week
Written on May 3, 2024 at 5:30 am, by jonywang
Tuesday, 7th May 2024, 06:30 – RBA Interest Rate Decision (May) During the March meeting, Australia’s central bank kept its interest rates steady at 4.35% and adopted a more relaxed approach towards tightening, suggesting growing confidence in inflation reaching its target despite economic deceleration. Following the release of March’s CPI data, hopes for an imminentContinue Reading
All Eye Will Be On Today’s NFP
Written on May 3, 2024 at 5:27 am, by jonywang
Market Summary Following Jerome Powell’s remarks subsequent to the Fed’s interest rate decision announcement, equity markets rallied in response to the dovish tone from the Fed chief, while the Dollar index continued its decline. The Fed’s dismissal of another rate hike possibility, despite persistent inflation in the U.S., contributed to the Dollar’s weakening. Market attentionContinue Reading
Yen Rose On Possible Japanese Intervention Fears
Written on May 3, 2024 at 2:03 am, by jonywang
Fundamental Analysis * Yen Triumph: The Japanese Yen is maintaining its rally against the US dollar amid speculation that Japan’s financial authorities have intervened for the second time this week to support the domestic currency. According to Reuters, data from the Bank of Japan on Thursday suggests that Japanese officials may have spent between 3.26Continue Reading
