Monthly Archives: August 2024
NFP Hammers Dollar to 4 Months Low
Written on August 5, 2024 at 5:43 am, by
Market Summary The aftermath of the Japanese yen’s strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark. The dollar index (DXY) has fallen to its lowest level since March, hovering above the $103Continue Reading
Sterling Ease On BoE Rate Cut
Written on August 5, 2024 at 5:40 am, by
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
Will the RBA Hike Rates Again? Inflation’s Rebound Sparks Uncertainty!
Written on August 2, 2024 at 8:51 am, by
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
