Monthly Archives: August 2024
41654156156Japanese Yen Eases On BoJ Dovish Statement
Written on August 7, 2024 at 5:27 am, by 王建军
Market Summary The Japanese Yen eased on Wednesday morning after the BoJ Deputy Governor indicated that the Japanese central bank would not raise interest rates if global markets remained unstable. This statement has calmed the market and unwound concerns about Yen carry trades. Meanwhile, the dollar has regained strength, with the dollar index (DXY) climbingContinue Reading
Kiwi Soars Amid Strong New Zealand Employment Data
Written on August 7, 2024 at 2:04 am, by 王建军
Fundamental Analysis * Kiwi Rally: The New Zealand Dollar continues to strengthen against the USD, fueled by a stronger-than-expected employment report from New Zealand. Traders are adjusting their expectations, reducing bets on a potential rate cut by the Reserve Bank of New Zealand (RBNZ) next week. Statistics New Zealand’s data released on Wednesday revealed thatContinue Reading
Wall Street Dip With Looming U.S. Recession
Written on August 6, 2024 at 5:32 am, by 王建军
Market Summary The financial markets, especially the equity sector, continue to be shattered by recession fears. The U.S. equity fear index, VIX, spiked to 65.70—the highest level since the pandemic in 2020—before quickly retracing to 38. This fear weighed heavily on the equity market, with the Dow Jones closing more than 1000 points lower inContinue Reading
