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Monthly Archives: June 2024

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Dollar Strengthen on Upbeat Economic Data

Written on June 26, 2024 at 5:21 am, by jonywang

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

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Categories: Daily Market Analysis

EUR/USD Rise As Dollar Weakens Across The Market

Written on June 26, 2024 at 2:28 am, by jonywang

Fundamental Analysis * Data Drought : EUR/USD has slightly recovered from its low, primarily from the broad US dollar weakness due to a lack of significant data releases. The market is continuing to digest the possibility of the Fed reducing interest rates twice in 2024 amid easing inflationary pressures. The US Consumer Price Index (CPI)Continue Reading

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Categories: Trade Of The Day

Weekly Live Analysis Session

Written on June 25, 2024 at 5:51 am, by lucaszhang

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Categories: Webinars

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