Monthly Archives: August 2024
Will the RBA Hike Rates Again? Inflation’s Rebound Sparks Uncertainty!
Written on August 2, 2024 at 6:46 am, by 王建军
Monday, 5 August 2024, 16:00 – ISM Non-Manufacturing PMI (Jul) In June, U.S. services sector activity plunged to its lowest level in four years, driven by a significant decline in new orders. This concerning trend suggests a potential slowdown in economic momentum would likely spill over to the second half 2024. The Institute for SupplyContinue Reading
Sterling Ease On BoE Rate Cut
Written on August 2, 2024 at 5:19 am, by 王建军
Market Summary The spotlight was on the Bank of England (BoE) yesterday as the market awaited its interest rate decision. The BoE’s decision to cut rates by 25 basis points came in line with market consensus, leading to a decline in the Pound Sterling, which trailed to a one-month low against the dollar. In contrast,Continue Reading
Dovish Fed’s Statement Hammers Dollar
Written on August 1, 2024 at 5:31 am, by 王建军
Market Summary The highly anticipated Fed’s interest rate decision was disclosed yesterday, hammering the dollar’s strength lower as Fed Chief Jerome Powell explicitly signalled that a September rate cut is possible. The U.S. central bank is balancing both inflation and recession risks, with interest rates adjusted to curb inflation while maintaining a solid labour market.Continue Reading
