Monthly Archives: February 2024
Powell’s Hawkish Statement Stirs Equity Market
Written on February 20, 2024 at 2:13 am, by jonywang
Jerome Powell emphasised that the central bank is not in a rush to shift its monetary policy and has ruled out near-term interest rate cuts The Federal Reserve’s interest rate decision aligned with market expectations, maintaining the rate at its current level. However, the notable aspect of the event unfolded in the statements made afterContinue Reading
U.S. Dollar Eases Ahead Of Nonfarm Payroll
Written on February 20, 2024 at 2:11 am, by jonywang
U.S. equity markets staged a rebound fueled by impressive earnings reports, and this positive sentiment spilled over to Asian markets U.S. equity markets staged a rebound fueled by impressive earnings reports, and this positive sentiment spilled over to Asian markets, including Hong Kong and China, which all opened on a positive note. However, the dollarContinue Reading
Upbeat NFP Stimulates Dollar
Written on February 20, 2024 at 2:10 am, by jonywang
The robust U.S. Nonfarm Payroll report released last Friday, with a reading of 353k has significantly impacted the market The robust U.S. Nonfarm Payroll report released last Friday, with a reading of 353k, higher than the previous 333k, has significantly impacted the market. The data suggests that the U.S. labour market remains strong. In response,Continue Reading
