Monthly Archives: May 2024
41654156156Yen Falters Amid Poor Economic Data
Written on May 29, 2024 at 2:15 am, by jonywang
Fundamental Analysis * Yen Woes: The Japanese Yen continued to weaken against the dollar following the Bank of Japan’s disappointing inflation data release. In April, Japan’s Weighted Median Inflation Index, a key indicator of the nation’s inflation trend, rose by only 1.1%, down from a 1.3% increase in March. This marks the first time sinceContinue Reading
Commodity Surge As Geopolitical Tension Rise
Written on May 28, 2024 at 5:21 am, by jonywang
Market Summary The market saw muted activity as both the U.S. and the U.K. observed public holidays in yesterday’s session. The dollar index (DXY) edged lower, failing to hold above the 104.50 level. This decline comes as the market anticipates signs of cooling U.S. inflation ahead of the PCE reading due on Friday. Meanwhile, theContinue Reading
Euro Gains On Stronger PMI, Soft Dollar
Written on May 28, 2024 at 2:13 am, by jonywang
Fundamental Analysis * Euro Uplift: The Euro has gained ground against the U.S. dollar following recent positive PMI data from the Eurozone and a weakening dollar. In May, the Eurozone’s private sector activity displayed promising growth, driven by robust expansion in the services sector and a less severe contraction in the manufacturing sector. The servicesContinue Reading
