Monthly Archives: July 2024
41654156156Wall Street Rally Ahead Of NFP
Written on July 4, 2024 at 5:25 am, by 王建军
Market Summary In the last session, Wall Street saw a notable rally with the Nasdaq and S&P 500 reaching all-time highs, while the Dow Jones lagged. This surge was driven by soft job data, suggesting that the Federal Reserve may proceed with its plan to begin cutting rates in the third quarter of the year.Continue Reading
USD/CAD Plunged Amid Weak US Data.
Written on July 4, 2024 at 2:24 am, by 王建军
Fundamental Analysis * Data Dive: The Canadian Dollar has strengthened against the greenback following a significant sell-off in the dollar due to disappointing U.S. economic data. The ADP Employment report revealed that private sector job growth unexpectedly slowed in June, with employers adding 150K jobs, missing the forecast of 160K and falling short of theContinue Reading
Powell’s Dovish Tone Hammers Dollar
Written on July 3, 2024 at 5:58 am, by 王建军
Market Summary Federal Reserve Chair Jerome Powell indicated that recent U.S. economic data suggest inflation is returning to a downward trajectory. However, he emphasised the need for more evidence before the Fed considers shifting its current monetary policy. Consequently, the dollar eased from its recent highs, while U.S. equity markets, buoyed by the dovish tone,Continue Reading
