About: 王建军
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Will the RBA Hike Rates Again? Inflation’s Rebound Sparks Uncertainty!

Monday, 5 August 2024, 16:00 – ISM Non-Manufacturing PMI (Jul) In June, U.S. services sector activity plunged to its lowest level in four years, driven by a significant decline in new orders. This concerning trend suggests a potential slowdown in economic momentum would likely spill over to the second half 2024. The Institute for SupplyContinue Reading
Sterling Ease On BoE Rate Cut

Market Summary The spotlight was on the Bank of England (BoE) yesterday as the market awaited its interest rate decision. The BoE’s decision to cut rates by 25 basis points came in line with market consensus, leading to a decline in the Pound Sterling, which trailed to a one-month low against the dollar. In contrast,Continue Reading
Written on August 2, 2024 at 5:19 am
Categories: Daily Market Analysis
GBP/USD Under Pressure Amid BoE Dovishness and Rising Market Volatility

Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: The Pound Sterling experienced significant bearish momentum following the Bank of England’s decision to cut interest rates by 25 basis points, down to 5.00%. Meanwhile, market volatility is rising ahead of the release of crucial Nonfarm Payrolls and Unemployment rate data, alongside escalating Middle EastContinue Reading
Written on August 2, 2024 at 2:09 am
Categories: Trade Of The Day
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