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Monthly Archives: May 2024

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Dollar Dips Ahead Of Key Data, Fed Insights

Written on May 27, 2024 at 5:53 am, by jonywang

Market Summary The Dollar Index dipped as investors took profits ahead of key economic data and events later this week, including the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index. With US markets closed for a holiday, trading in dollar-related products is expected to be subdued. Investors are also eyeing speeches fromContinue Reading

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Categories: Daily Market Analysis

Pound Remain Steady Despite Weak Data

Written on May 27, 2024 at 2:05 am, by jonywang

Fundamental Analysis * Unyielding Pound: The pound sterling holds its ground against the dollar despite the release of weak UK data, as a drop in the dollar mitigates the impact of the negative figures. Earlier, the currency pair was under considerable pressure following a sharp decline in UK Retail Sales for April. The ONS dataContinue Reading

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Categories: Market Insights, Trade Of The Day

Weekly live Analysis Session

Written on May 27, 2024 at 1:52 am, by sallychang

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Categories: Webinars

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