Monthly Archives: July 2024
Wall Street Faces Headwind And Plummet
Written on July 25, 2024 at 6:28 am, by
Market Summary The U.S. job data released yesterday bolstered speculation of a September Fed rate cut. Initial Jobless Claims saw the biggest increase since May, suggesting the labor market in the U.S. is easing, and inflation is cooling as a result. Despite this, the dollar took a breather from its downtrend and found footing nearContinue Reading
Dollar Dip on Dovish Fed’s Beige Book
Written on July 25, 2024 at 6:26 am, by
Market Summary The dollar continues to tumble, trading at its lowest level since April, below the $104 mark. The U.S. Beige Book suggests economic growth has moderated and inflation shows signs of easing, strengthening the likelihood of a September rate cut. Improved risk appetite in the market propelled the Dow Jones up nearly 300 pointsContinue Reading
Dollar Dip on Dovish Fed’s Beige Book
Written on July 25, 2024 at 6:23 am, by
Market Summary The dollar continues to tumble, trading at its lowest level since April, below the $104 mark. The U.S. Beige Book suggests economic growth has moderated and inflation shows signs of easing, strengthening the likelihood of a September rate cut. Improved risk appetite in the market propelled the Dow Jones up nearly 300 pointsContinue Reading
