Yearly Archives: 2024
41654156156Loonie Slips Following Prospect Of BoC Rate Cut
Written on July 9, 2024 at 3:12 am, by 王建军
Fundamental Analysis * Loonie Dip: The Canadian Dollar has declined against the U.S. Dollar due to expectations of consecutive rate cuts from the Bank of Canada (BoC). These expectations have risen amid turmoil in the labor market. Recently, Canada’s unemployment rate increased more than anticipated, reaching 6.4% compared to the expected 6.3% and the previousContinue Reading
CFD Rollover Notice for July
Written on July 8, 2024 at 7:13 am, by allenli
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please note: The rolloverContinue Reading
Dollar Weaken On High Unemployment Rate
Written on July 8, 2024 at 5:13 am, by 王建军
Market Summary Last Friday’s U.S. employment report delivered a mixed bag of results: Nonfarm Payrolls (NFP) surpassed expectations at 206,000 new jobs added, yet the unemployment rate climbed to 4.1%, its highest since 2021. The Dollar Index (DXY) initially fluctuated on the news but ultimately trended lower as markets absorbed the data. With earnings growthContinue Reading
