Monthly Archives: January 2024
Dollar Strengthen as Fed Rate Cut Speculation Wane
Written on January 17, 2024 at 10:02 am, by jonywang
The U.S. dollar maintained its upward trajectory, putting pressure on both gold and equity markets. Despite a relatively dovish speech from Fed governor Christopher Waller, the U.S. dollar maintained its upward trajectory, putting pressure on both gold and equity markets. Wall Street faced selling pressure as early bets on Fed rate cuts diminished. Gold pricesContinue Reading
Hawkish Fed Meeting Minutes Boosts Dollar
Written on January 17, 2024 at 5:12 am, by jonywang
The U.S. dollar strengthened, driven by the Hawkish narrative revealed in the meeting minutes. U.S. equity markets registered a second consecutive decline following the release of the December Federal Reserve meeting minutes. The U.S. central bank signalled an intention to maintain interest rates at a restrictive level for an extended period until U.S. inflation reachesContinue Reading
Oil Prices Jump As Red Sea Tension Escalates
Written on January 17, 2024 at 3:12 am, by jonywang
Oil prices experienced a significant rally as geopolitical tensions heightened in the Red Sea. Oil prices experienced a significant rally, reaching their highest level in 2024, as geopolitical tensions heightened in the Red Sea. Following a retaliatory move by the U.S. against Houthi attacks on ships, airstrikes were launched, escalating tensions and raising concerns aboutContinue Reading
