Monthly Archives: June 2024
41654156156Loonie Slips On BoC Rate Cut Expectation
Written on June 5, 2024 at 2:09 am, by 王建军
Fundamental Analysis * Loonie Swoon: The Canadian Loonie have broadly fell, further erasing recent gains against the US Dollar. Canada is not releasing any economic data on Tuesday, leaving the Canadian Dollar influenced by general market sentiment. Mixed economic data from the US, coupled with a prolonged decline in Crude Oil prices, has pushed investorsContinue Reading
Soft PMI Reading Hammers Dollar Lower
Written on June 4, 2024 at 6:13 am, by 王建军
* U.S. Dollar continued to slide as the PMI readings came short. * Seeking today’s JOLTs job opening data to gauge the dollar’s strength. * Gold traded within its sideways range despite the dollar having been weakening. Market Summary The U.S. dollar remained on a downward trajectory following the release of yesterday’s PMI readings, whichContinue Reading
GBP/USD Rose As Weak PMI Data Weigh On Dollar
Written on June 4, 2024 at 2:05 am, by 王建军
Fundamental Analysis * Greenback Gloom: The Pound Sterling strengthened against the US Dollar after the recent release of unexpectedly weak U.S. Manufacturing PMI data, which negatively impacted the dollar. The Institute for Supply Management (ISM) reported on Monday that the U.S. manufacturing sector contracted at a faster rate in May. The ISM Manufacturing PMI fellContinue Reading
