Yearly Archives: 2024
41654156156Eye On Today’s PMI Readings
Written on July 24, 2024 at 5:39 am, by 王建军
Market Summary The dollar index traded in a relatively sideways range, poised at its weekly high, awaiting PMI readings to gauge the strength of the U.S. economy. The UK and eurozone PMI readings are due today and may directly impact the recent lacklustre price movement for both currencies. Conversely, the New Zealand dollar has beenContinue Reading
Oil Price Slips Amid Ceasefire Talks, Demand Concerns
Written on July 24, 2024 at 2:03 am, by 王建军
Fundamental Analysis * Crude Collapse: The price of crude oil has dropped to a six-week low due to the anticipation of a ceasefire in Gaza and growing concerns about demand in China. In the Middle East, efforts to broker a ceasefire agreement between Israel and Hamas, based on a plan proposed by U.S. President JoeContinue Reading
Wall Street Rally As Risk Appetite Improve
Written on July 23, 2024 at 5:33 am, by 王建军
Market Summary Wall Street rallied in the last session as investors anticipate earnings reports from mega-caps including Alphabet and Tesla, due later today. Mitigated U.S. political uncertainty and renewed confidence in the U.S. economy, especially if Donald Trump is re-elected in the upcoming presidential election, have bolstered the equity market’s upward momentum. In the forexContinue Reading
