Monthly Archives: May 2024
Hawkish Fed’s Comment Strengthen The Dollar
Written on May 9, 2024 at 5:51 am, by
Market Summary The latest session saw equity markets mainly focusing on earnings reports from prominent companies, maintaining a relatively steady position amidst a broader economic context. While last week’s softer-than-expected Nonfarm Payrolls (NFP) report temporarily influenced market sentiment, attention has shifted back to corporate performance as a key driver for stock movements. On the currencyContinue Reading
Yen Drop on Japan FX Officials Comment
Written on May 9, 2024 at 5:51 am, by
Market Summary The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance. Japan’s Nikkei 225 index surged over 1% this morning upon returning from Monday’sContinue Reading
Soft NFP Spurs Stock Market
Written on May 9, 2024 at 5:47 am, by
Market Summary Last Friday saw a notable weakening in the dollar, with the dollar index (DXY) declining to its monthly low following the underwhelming U.S. Non-Farm Payroll (NFP) report, which significantly missed market expectations. This soft job data has fueled market speculation about a possible interest rate reduction by the Federal Reserve in the thirdContinue Reading
