Monthly Archives: April 2024
41654156156Dollar Fuels By Powell Hawkish Statement
Written on April 17, 2024 at 5:28 am, by 王建军
Market Summary The market’s attention has shifted from Middle East tensions to remarks made by Federal Reserve Chair Jerome Powell. Powell’s recent speech signals that the U.S. central bank may opt to maintain interest rates at elevated levels for an extended period, given the backdrop of robust economic indicators and surprisingly high inflation readings. ThisContinue Reading
Pound Sterling Decline Amid Weak UK Employment Data
Written on April 17, 2024 at 2:12 am, by 王建军
Fundamental Analysis * Sterling Stumble: The British Pound has resumed its downward trend against the dollar, following lackluster UK employment data. This has fueled speculation that the Bank of England could initiate rate cuts sooner than expected, leading to a decline in the value of the GBP.The number of claimants for unemployment benefits rose lessContinue Reading
Upbeat U.S. Retail Sales Boost Dollar
Written on April 16, 2024 at 5:05 am, by 王建军
Market Summary In yesterday’s trading session, the U.S. dollar saw appreciable gains, buoyed by stronger-than-expected U.S. Retail Sales data. This robust economic indicator has led market participants to speculate that the Federal Reserve might delay any prospective rate cuts due to persistent inflationary pressures. Amid ongoing geopolitical tensions in the Middle East, gold, a traditionalContinue Reading
