Monthly Archives: April 2024
Market Clash With Rate Uncertainty: Can Data Bring Clarity?
Written on April 19, 2024 at 3:14 am, by 王建军
Thursday, 25th April 2024, 14:30 – US GDP (QoQ) (Q1) In March, the government revised its previous estimate, indicating that the U.S. economy expanded at a robust annualized rate of 3.4% from October to December. Initially, it reported a slightly lower growth figure of 3.2% for the same period. This growth represented the sixth consecutiveContinue Reading
Oil Prices Plummet On Strong U.S. Crude Inventories Build-up
Written on April 18, 2024 at 5:43 am, by 王建军
Market Summary The U.S. dollar experienced a technical retracement, easing from its 2024 peak and breaking below the $106 mark. Despite this, robust U.S. economic performance and the Federal Reserve’s hawkish stance are expected to provide underlying support to the dollar. Concurrently, the easing dollar has allowed its peers to make gains, notably the JapaneseContinue Reading
Dollar Fuels By Powell Hawkish Statement
Written on April 17, 2024 at 5:28 am, by 王建军
Market Summary The market’s attention has shifted from Middle East tensions to remarks made by Federal Reserve Chair Jerome Powell. Powell’s recent speech signals that the U.S. central bank may opt to maintain interest rates at elevated levels for an extended period, given the backdrop of robust economic indicators and surprisingly high inflation readings. ThisContinue Reading
