Monthly Archives: July 2024
Eye On Today’s PMI Readings
Written on July 25, 2024 at 6:51 am, by
Market Summary The dollar index traded in a relatively sideways range, poised at its weekly high, awaiting PMI readings to gauge the strength of the U.S. economy. The UK and eurozone PMI readings are due today and may directly impact the recent lacklustre price movement for both currencies. Conversely, the New Zealand dollar has beenContinue Reading
Wall Street Rally As Risk Appetite Improve
Written on July 25, 2024 at 6:47 am, by
Market Summary Wall Street rallied in the last session as investors anticipate earnings reports from mega-caps including Alphabet and Tesla, due later today. Mitigated U.S. political uncertainty and renewed confidence in the U.S. economy, especially if Donald Trump is re-elected in the upcoming presidential election, have bolstered the equity market’s upward momentum. In the forexContinue Reading
Biden’s Election Withdrawal Bolstering Dollar?
Written on July 25, 2024 at 6:42 am, by
Market Summary Biden’s withdrawal from the upcoming U.S. presidential election has thrown a stun grenade into the market, with most asset classes standing pat as investors digest the event. The dollar remains poised at its high from last Friday, with expectations of strengthening as Trump’s advocacy may favor the greenback. Meanwhile, the U.S. equity marketContinue Reading
