Monthly Archives: May 2024
41654156156Dollar Fuels By Strong Treasury Yield
Written on May 30, 2024 at 5:33 am, by jonywang
Market Summary The U.S. 7-year note auction held yesterday saw tepid demand for long-term Treasury yields, resulting in a decline in bond prices and pushing bond yields higher. This development, combined with market perception that the Federal Reserve is not planning to initiate a rate cut policy soon, fueled risk-averse sentiment and hammered equity markets.Continue Reading
Gold Slumps Amid Rising US Treasury Yield
Written on May 30, 2024 at 2:19 am, by jonywang
Fundamental Analysis * Treasury Surge, Gold Purge: Gold prices fell on Wednesday as rising US Treasury yields increased demand for the Greenback. The yield on the US 10-year Treasury note rose by six basis points to 4.616%, strengthening the dollar and weighing on the commodity. With a sparse economic calendar, traders continue to digest hawkishContinue Reading
Oil Prices Bullish As Geopolitical Tension Escalates
Written on May 29, 2024 at 6:04 am, by jonywang
Market Summary As U.S. markets resumed following the Monday public holiday, the implementation of the “T +1” settlement rule was overshadowed by a hawkish tone from the Federal Reserve. The Nasdaq and S&P 500 closed unchanged, while the Dow Jones declined. Fed official Neel Kashkari indicated that the Fed would maintain its restrictive monetary policyContinue Reading
