Monthly Archives: May 2024
RBA and BoE Take Center Stage Amidst U.S. Light Week
Written on May 3, 2024 at 5:30 am, by 王建军
Tuesday, 7th May 2024, 06:30 – RBA Interest Rate Decision (May) During the March meeting, Australia’s central bank kept its interest rates steady at 4.35% and adopted a more relaxed approach towards tightening, suggesting growing confidence in inflation reaching its target despite economic deceleration. Following the release of March’s CPI data, hopes for an imminentContinue Reading
All Eye Will Be On Today’s NFP
Written on May 3, 2024 at 5:27 am, by 王建军
Market Summary Following Jerome Powell’s remarks subsequent to the Fed’s interest rate decision announcement, equity markets rallied in response to the dovish tone from the Fed chief, while the Dollar index continued its decline. The Fed’s dismissal of another rate hike possibility, despite persistent inflation in the U.S., contributed to the Dollar’s weakening. Market attentionContinue Reading
Dollar Hammers By Dovish Powell Statement
Written on May 2, 2024 at 5:47 am, by 王建军
Market Summary The financial markets were roiled by Jerome Powell’s remarks following the Fed’s interest rate decision announcement. Powell’s dovish stance prompted a sharp decline in the strength of the U.S. dollar, while gold prices rebounded on the prospect of a softer dollar. Despite ongoing signs of inflationary pressures in the U.S, Powell indicated thatContinue Reading
