Monthly Archives: June 2024
Dollar Steadies As The Market Await For FOMC Minutes
Written on June 11, 2024 at 5:37 am, by 王建军
Market Summary The dollar index is poised at its recent high level, while U.S. equity markets eked out marginal gains as the market awaits Wednesday’s crucial CPI reading and the FOMC meeting minutes. Although the market widely believes that the Fed will keep the rate on hold, there is less certainty about the officials’ rateContinue Reading
NFP Shocks Market, Triggers Dollar Surge
Written on June 10, 2024 at 5:16 am, by 王建军
Market Summary Last Friday’s U.S. Nonfarm Payroll (NFP) report rattled financial markets with a significantly higher-than-expected reading, far surpassing both market expectations and the previous month’s figures. The robust job data dashed hopes for an early rate hike from the Federal Reserve, as a tight labour market could potentially spur higher inflation, prompting a moreContinue Reading
Will Fed Push Back On Rate Cut Next Week?
Written on June 7, 2024 at 5:59 am, by 王建军
Wednesday, 12 June 2024, 15:30 – US CPI (MoM) (May) In April, U.S. consumer prices saw a smaller-than-expected increase, registering at 0.3% compared to the previous 0.4%. This suggests that inflation started to decrease once more at the beginning of the second quarter. As the economy appears to be slowing down and consumer spending isContinue Reading
