Monthly Archives: June 2024
41654156156Dollar Steadies As The Market Await For FOMC Minutes
Written on June 11, 2024 at 5:37 am, by 王建军
Market Summary The dollar index is poised at its recent high level, while U.S. equity markets eked out marginal gains as the market awaits Wednesday’s crucial CPI reading and the FOMC meeting minutes. Although the market widely believes that the Fed will keep the rate on hold, there is less certainty about the officials’ rateContinue Reading
Nasdaq Hits Record Highs On AI Hype
Written on June 11, 2024 at 1:53 am, by 王建军
Fundamental Analysis The Nasdaq has surged to fresh record highs, bolstered by bullish momentum stemming from the ongoing excitement around artificial intelligence (AI). This rally is particularly influenced by Apple’s recent announcement to enhance its Siri voice assistant and operating systems through a partnership with OpenAI’s ChatGPT. This strategic move aims to position Apple moreContinue Reading
NFP Shocks Market, Triggers Dollar Surge
Written on June 10, 2024 at 5:16 am, by 王建军
Market Summary Last Friday’s U.S. Nonfarm Payroll (NFP) report rattled financial markets with a significantly higher-than-expected reading, far surpassing both market expectations and the previous month’s figures. The robust job data dashed hopes for an early rate hike from the Federal Reserve, as a tight labour market could potentially spur higher inflation, prompting a moreContinue Reading
