Monthly Archives: June 2024
41654156156Market Remains Hopeful On Rate Cut? All Eyes On PCE! -Test
Written on June 28, 2024 at 5:46 am, by jonywang
Tuesday, 25 June 2024, 16:00 – US CB Consumer Confidence (Jun) According to the U.S. Conference Board, consumer sentiment in the U.S. improved in May, with the CB Consumer Confidence Index rising to 102 from 97.5 in April. While the survey indicated a slight decline in consumers’ views of current business conditions, overall sentiment wasContinue Reading
All Eye on Today’s U.S. PCE – Test
Written on June 28, 2024 at 5:45 am, by jonywang
Market Summary The Dollar Index (DXY) showed resilience following early-session easing on Wednesday, bolstered by strong U.S. economic indicators including upbeat Initial Jobless Claims and GDP figures. However, bullish momentum remained tempered amidst market perceptions of a potential Fed policy shift in September, reflected in a decline in U.S. Treasury yields. Investors are eagerly anticipatingContinue Reading
Rate Cut Hopes on the Line: NFP Set to Steal the Spotlight!
Written on June 28, 2024 at 5:41 am, by jonywang
Monday, 1 July 2024, 17:00 – US ISM Manufacturing PMI (Jun) The US ISM Manufacturing PMI came in at 48.7 for May, below the forecast of 49.8 and the previous reading of 49.2. The main reasons for this stagnant reading are ongoing weak demand, which affects supplier orders, inventories, capital investments, and employment. Specific areasContinue Reading
