Monthly Archives: May 2024
41654156156USD/CAD Declines As US Inflation Moderates.
Written on May 16, 2024 at 2:02 am, by 王建军
Fundamental Analysis * Inflation Chill: The Canadian dollar has strengthened against the US dollar due to a cooler-than-expected US Consumer Price Index report, which has caused the greenback to weaken. This decrease in inflationary pressure has revived hopes in the market for potential rate cuts by the Federal Reserve in September. In April, US CPIContinue Reading
Gold Surge on Soften Dollar
Written on May 15, 2024 at 5:34 am, by 王建军
Market Summary The Fed’s preferred inflation gauge, the Producer Price Index (PPI), was released yesterday, showing April PPI slightly above market consensus at 0.5%. Following the inflation data, Fed Chairman Jerome Powell reiterated that the U.S. central bank is likely to keep interest rates higher for longer to address persistently sticky inflation. Despite this, marketContinue Reading
Euro Jumps As Fed’s Powell Signals Prolonged Rates
Written on May 15, 2024 at 2:05 am, by 王建军
Fundamental Analysis * Rate Rapture: The Euro strengthened against the dollar after comments made by Fed Chair Jerome Powell. On economic data, the US Bureau of Labor Statistics reported that both monthly headline and core Producer Price Index (PPI) exceeded expectations, with a 0.5% growth compared to the anticipated 0.3% and 0.2% respectively. Annually, headlineContinue Reading
