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Aussie Dollar Plunged Amid Ongoing Concerns On China
Fundamental Analysis * China Jitters: The Australian Dollar continues to decline against the US Dollar due to growing concerns over China’s economic outlook, Australia’s largest trading partner. Investor anxiety is rising as China’s September data highlights deepening deflationary pressures, casting doubt on the effectiveness of its stimulus measures. This has driven a shift toward theContinue Reading
Written on October 16, 2024 at 2:16 am
Categories: Trade Of The Day
Wall Street Bullish as Market Confidence on Earnings Performance
Market Summary Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season. Investors remain optimistic about corporate performance, fueling the ongoing rally. In contrast, the Chinese stock market struggled to find direction, with sentiment dampened by aContinue Reading
Written on October 15, 2024 at 5:39 am
Categories: Daily Market Analysis
Kiwi Slips As China Data, US Dollar Weigh
Fundamental Analysis * Weak Kiwi: The New Zealand Dollar continues to weaken against the U.S. Dollar, facing pressure from deflation concerns in its largest trading partner, China. Uncertainty around Beijing’s economic stimulus plans has raised doubts about future demand. On Sunday, China’s National Bureau of Statistics reported that the country’s monthly Consumer Price Index (CPI)Continue Reading
Written on October 15, 2024 at 2:06 am
Categories: Trade Of The Day
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