Monthly Archives: September 2023
Softer Job Data Hammers Dollar
Written on September 7, 2023 at 9:19 am, by jonywang
The decline in U.S. JOLTs Job Openings signals a cooling labor market, leading to a significant setback of nearly 5% for the dollar. In an unexpected turn, the U.S. JOLTs Job Openings report displayed a decline from its previous reading of 9.17 million to the current figure of 8.83 million, signalling a cooling labour market.Continue Reading
The Basics Of Fundamental Analysis
Written on September 7, 2023 at 9:19 am, by jonywang
When formulating a trading strategy, traders employ various tools that can be broadly classified into two types of analysis methods: technical analysis and fundamental analysis. Although there are differing opinions on each approach, there is no definitive answer as to which trading strategy is “superior.” Each analysis method has its own advantages, and traders tendContinue Reading
What Will the Interest Rate Decisions from Major Central Banks Impact on the Global Market?
Written on September 7, 2023 at 9:19 am, by jonywang
The Week Ahead: Week of 31 July (GMT+3) Tuesday, 25 July, 17:00 Tuesday, 1 August, 07:30 – AU RBA Interest Rate Decision (Aug) In July, the Reserve Bank of Australia chose to keep the rate unchanged with a current rate of 4.10%. The Reserve Bank of Australia’s (RBA) decision to pause rate left analysts andContinue Reading
