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Monthly Archives: July 2024

Wall Street Faces Headwind And Plummet

Written on July 25, 2024 at 6:28 am, by

Market Summary The U.S. job data released yesterday bolstered speculation of a September Fed rate cut. Initial Jobless Claims saw the biggest increase since May, suggesting the labor market in the U.S. is easing, and inflation is cooling as a result. Despite this, the dollar took a breather from its downtrend and found footing nearContinue Reading

Categories: Daily Market Analysis

Weekly Live Analysis Session

Written on July 25, 2024 at 6:22 am, by lucaszhang

Categories: Webinars

Dollar Dip on Dovish Fed’s Beige Book

Written on July 25, 2024 at 6:20 am, by

Market Summary The dollar continues to tumble, trading at its lowest level since April, below the $104 mark. The U.S. Beige Book suggests economic growth has moderated and inflation shows signs of easing, strengthening the likelihood of a September rate cut. Improved risk appetite in the market propelled the Dow Jones up nearly 300 pointsContinue Reading

Categories: Daily Market Analysis

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