Category Archives: Market Insights
Gold Prices Declines On Softening Middle East Conflict
Written on November 7, 2023 at 4:53 am, by lishitong
In a significant market shift, gold prices have witnessed a notable downturn as tensions in the Middle East show signs of abating. In a significant market shift, gold prices have witnessed a notable downturn as tensions in the Middle East show signs of abating. Israel’s decision to implement a ceasefire for humanitarian purposes, coupled withContinue Reading
Dollar Index Plummets On Soft NFP And Unemployment Rate
Written on November 6, 2023 at 5:17 am, by lishitong
The dollar index plummeted following last Friday’s U.S. Nonfarm Payroll report and the Unemployment rate data. The dollar index plummeted to September levels following last Friday’s U.S. Nonfarm Payroll report and the Unemployment rate data, indicating a softening job market and further easing U.S. inflation. Despite the softening dollar, commodity prices including gold and oilContinue Reading
All Eyes On U.S. Nonfarm Payroll
Written on November 3, 2023 at 5:42 am, by lishitong
Before the release of the U.S. Nonfarm Payroll report, the dollar index faced a significant setback following disappointing U.S. job data. In anticipation of the pivotal U.S. Nonfarm Payroll report slated for release today, the dollar index faced a significant setback, dropping nearly 0.5% overnight. This decline follows disappointing U.S. job data, which has castContinue Reading
RBA Contemplates Rate Hike Amid Surging House Prices
Written on November 3, 2023 at 2:41 am, by lishitong
The Week Ahead: Week of 6 Nov (GMT+3) Tuesday, 7 Nov, 06:30 – AU RBA Interest Rate Decision (Nov) There is a growing likelihood and concerns that the RBA will opt for another interest rate hike in the upcoming decision. This expectation is fueled by the resurgence of house prices, nearing previous all-time highs. TheContinue Reading
Fed’s Rate Pause Pressures Dollar’s Strength
Written on November 2, 2023 at 5:24 am, by lishitong
In a highly anticipated move, the Federal Reserve opted for a pause in its interest rate trajectory, aligning with market predictions. In a highly anticipated move, the Federal Reserve opted for a pause in its interest rate trajectory, aligning with market predictions. Federal Reserve Chair Jerome Powell, while announcing the decision, left the door ajarContinue Reading
Japanese Yen Slides On BoJ Dovish Stance
Written on November 1, 2023 at 5:27 am, by lishitong
The Japanese yen weakened against the USD after the Bank of Japan (BoJ) maintained its dovish stance. The Japanese Yen weakened against the USD, hitting its lowest level since last October, after the Bank of Japan (BoJ) maintained its dovish stance in its recent interest rate decision. Investors now anticipate a shift in Japan’s monetaryContinue Reading
Gold Dips From $2000 Amid Central Bank Focus
Written on October 31, 2023 at 5:30 am, by lishitong
Gold prices retreated from the crucial $2000 level, pivoting attention from Middle East tensions to upcoming central bank decisions. Amidst shifting global dynamics, gold prices retreated from the crucial $2000 level, pivoting attention from Middle East tensions to upcoming central bank decisions, particularly those of the Federal Reserve and the Bank of England. The dollar,Continue Reading
Gold Prices Hit $2000 As Middle East Tension Escalates
Written on October 30, 2023 at 5:24 am, by lishitong
Amidst deepening tensions in the Middle East conflict, gold surged past its pivotal $2000 mark, propelled by the expansion of ground warfare. Amidst deepening tensions in the Middle East conflict, the market’s gaze remains fixated on evolving dynamics. Gold surged past its pivotal $2000 mark, propelled by the expansion of ground warfare. Concurrently, oil pricesContinue Reading
Market Anticipates Pause In Rate Hike
Written on October 27, 2023 at 5:31 am, by lishitong
The Week Ahead: Week of 30 October (GMT+3) Wednesday, 1 November, 21:00 – US Fed Interest Rate Decision (Oct) The markets are currently anticipating that the Federal Reserve will maintain its current interest rates next week. This aligns with recent dovish statements made by Fed officials and the generally favourable economic data. Nevertheless, the possibilityContinue Reading
Dollar Steadies: Investors Await PCE Report For Market Direction
Written on October 27, 2023 at 5:14 am, by lishitong
The US Dollar experienced a relatively flat day, marked by robust GDP growth at 4.90% while Initial Jobless Claims worse-than-market expectations at 210K The US Dollar experienced a relatively flat day, marked by robust GDP growth at 4.90% while Initial Jobless Claims worse-than-market expectations at 210K. Gold markets adopted a cautious stance, with anticipation buildingContinue Reading
