Yearly Archives: 2024
41654156156Dollar Calm On Neutral Powell’s Testimony
Written on July 10, 2024 at 3:44 am, by 王建军
Market Summary The highly anticipated testimony of Jerome Powell commenced yesterday, but the market remained calm as the Fed’s chief delivered a neutral statement. Powell acknowledged that inflationary pressure in the U.S. is showing signs of easing and raised concerns about potential risks to the labour market from persistent high borrowing costs. However, he refrainedContinue Reading
Oil Prices Drop As Supply Disruption Concerns Ease
Written on July 10, 2024 at 2:29 am, by 王建军
Fundamental Analysis * Barrel Blues: Crude oil prices have declined by over 1% as traders realized that prolonged supply disruptions from Hurricane Beryl were unlikely. Hurricane Beryl was initially predicted to cause significant damage to U.S. crude hubs, but major refineries along the Gulf Coast sustained minimal impact after Beryl weakened into a tropical storm.Continue Reading
All Eye On Powell’s Testimony
Written on July 9, 2024 at 6:50 am, by 王建军
Market Summary Jerome Powell’s 2-day testimony at Capitol Hill begins today, and traders will be closely monitoring his statements for insights into the rate cut schedule. With the U.S. presidential election approaching, it is believed that the Fed will maintain its independence and possibly delay any rate cut policy until after the election. The dollarContinue Reading
