Monthly Archives: June 2024
41654156156Japanese Yen Trades to New Low in Decades
Written on June 27, 2024 at 5:37 am, by 王建军
Market Summary The Japanese Yen plummeted to its weakest level since 1986 at 160.87 against the greenback. The currency pair has lost more than 12% this year and is well above the tolerance level for the BoJ to intervene. The BoJ hinted at a potential rate hike in July, and the Japanese CPI reading dueContinue Reading
Oil Price Dips As US Demand Slow, Rising Supply
Written on June 27, 2024 at 2:15 am, by 王建军
Fundamental Analysis * Energy Ebb: The price of the crude oil have fell due to an unexpected increase in U.S. stockpiles, raising concerns about sluggish demand from the world’s largest oil consumer. The U.S. Energy Information Administration (EIA) reported a 3.6-million-barrel rise in the country’s crude oil stocks last week, surprising analysts polled by ReutersContinue Reading
Dollar Strengthen on Upbeat Economic Data
Written on June 26, 2024 at 5:21 am, by 王建军
Market Summary On the back of the upbeat CB Consumer Confidence reading of 100.4, several Fed governors issued hawkish comments on upcoming monetary policy, which ultimately bolstered the dollar’s strength. Despite the Fed’s hawkish outlook, the U.S. equity market rallied, driven by Nvidia, the AI bellwether company, which rose approximately 7%, fueling gains in theContinue Reading
