Monthly Archives: May 2024
41654156156Dollar Dilemma: FOMC Caution
Written on May 22, 2024 at 3:10 am, by jonywang
Market Summary The US Dollar remained subdued as investors awaited the FOMC meeting minutes, with Federal Reserve officials emphasising the need for more evidence of easing inflation before considering rate cuts. This cautious stance has kept the dollar in check, influencing other markets as well. Gold prices stayed flat but slightly retreated due to theContinue Reading
Dollar Rebound on Fed’s Hawkish Tone
Written on May 21, 2024 at 5:12 am, by jonywang
Market Summary In yesterday’s market, the U.S. equity market took a breather after all three major indexes had risen more than 5% in May. All eyes are now on Nvidia’s earnings report due on Wednesday, which has the potential to spur the equity market further. In Asia, the Chinese stock markets also saw a retracement,Continue Reading
Gold Soars Amid Rising Expectation of Central Bank Rate Cuts
Written on May 21, 2024 at 1:51 am, by jonywang
Fundamental Analysis * Gleaming Gold: Gold prices are continuing to rise against the US dollar as expectations grow that global major central banks, including the Federal Reserve, may ease monetary policy in 2024. A recent consumer inflation report in the United States, which came in lower than expected, has led to speculation that the FedContinue Reading
