Monthly Archives: June 2024
Dollar Calm ahead of FOMC Minutes
Written on June 12, 2024 at 6:26 am, by
Market Summary The dollar index steadied in the last session, trading above the $105 mark, ahead of the highly anticipated FOMC meeting minutes. Market expectations are leaning towards a more hawkish stance from the U.S. central bank due to a tight labour market. Analysts predict that the Fed is likely to implement two 25 bpsContinue Reading
NFP Shocks Market, Triggers Dollar Surge
Written on June 10, 2024 at 6:08 am, by
Market Summary Last Friday’s U.S. Nonfarm Payroll (NFP) report rattled financial markets with a significantly higher-than-expected reading, far surpassing both market expectations and the previous month’s figures. The robust job data dashed hopes for an early rate hike from the Federal Reserve, as a tight labour market could potentially spur higher inflation, prompting a moreContinue Reading
Market Awaits For Crucial NFP
Written on June 10, 2024 at 6:05 am, by
Market Summary All eyes are on today’s Nonfarm Payroll (NFP) and U.S. unemployment rate data, which could be the final piece of the puzzle for the Federal Reserve’s rate cut decision this year. Recent lackluster U.S. economic indicators, alongside monetary policy pivots from the Bank of Canada (BoC) and the European Central Bank (ECB), mayContinue Reading
