Yearly Archives: 2024
41654156156USD/CAD Plunged Amid Weak US Data.
Written on July 4, 2024 at 2:24 am, by 王建军
Fundamental Analysis * Data Dive: The Canadian Dollar has strengthened against the greenback following a significant sell-off in the dollar due to disappointing U.S. economic data. The ADP Employment report revealed that private sector job growth unexpectedly slowed in June, with employers adding 150K jobs, missing the forecast of 160K and falling short of theContinue Reading
Profit-making opportunities: Recognising Cup and Handle Pattern
Written on July 3, 2024 at 11:25 pm, by seoagencyteam
In the complex world of trading, patterns hold significant meaning as their formation represents the sentiments of the traders. Understanding and recognising these stock chart patterns can be the difference between a bullish or a bearish trade. One such pattern is the cup-and-handle pattern (C&H), which has helped investors recognise profit-making opportunities for decades. WilliamContinue Reading
Powell’s Dovish Tone Hammers Dollar
Written on July 3, 2024 at 5:58 am, by 王建军
Market Summary Federal Reserve Chair Jerome Powell indicated that recent U.S. economic data suggest inflation is returning to a downward trajectory. However, he emphasised the need for more evidence before the Fed considers shifting its current monetary policy. Consequently, the dollar eased from its recent highs, while U.S. equity markets, buoyed by the dovish tone,Continue Reading
