Monthly Archives: July 2024
41654156156Uncertainty Looms? Data To Illuminate US Inflation Path
Written on July 5, 2024 at 6:54 am, by jonywang
Wednesday, 10 July 2024, 04:00 – RBNZ Interest Rate Decision In May, the Reserve Bank of New Zealand (RBNZ) decided to maintain the Official Cash Rate (OCR) at 5.50%. This decision reflects a commitment to keeping monetary policy restrictive to manage inflationary pressures and ensure that inflation returns to the target range of 1-3% byContinue Reading
All Eye on Today’s NFP
Written on July 5, 2024 at 5:20 am, by jonywang
Market Summary The UK general election 2024 was held on Thursday, and while the results are yet to be finalized, the Labour Party is poised to win a majority, ending the Conservatives’ 14-year rule. The UK’s equity market index, FTSE 100, edged higher in the last session, while the Pound Sterling remained steady. The LabourContinue Reading
Japanese Yen Rebounds Following Intervention Threat
Written on July 5, 2024 at 2:12 am, by jonywang
Fundamental Analysis * Intervention Cue: The Japanese Yen has regained some strength, appreciating against the dollar as markets remain vigilant, anticipating possible intervention by Japanese authorities to prevent excessive depreciation. Japan’s near-zero interest rates create a significant rate differential with other major currencies, leading to the Yen being pressured globally. Due to the Yen’s weakness,Continue Reading
