Monthly Archives: November 2024
Yen Capitulate Amid Political Uncertainty
Written on November 1, 2024 at 6:53 am, by
Market Summary Japan’s political landscape took centre stage this week after the Prime Minister called a snap election, following the ruling party’s loss of its parliamentary majority. This political uncertainty has led markets to believe the Bank of Japan may delay its next rate hike, causing the Yen to soften to a three-month low. Meanwhile,Continue Reading
BoJ Signal No Rate Hike Next Week
Written on November 1, 2024 at 6:53 am, by
Market Summary The Japanese Yen is likely to weaken further as BoJ Governor Kazuo Ueda signalled no intention to raise rates in the upcoming central bank meeting, even with the yen trading near a 3-month low. Ueda expressed concern about potential economic impacts tied to the upcoming U.S. presidential election, which could also weigh onContinue Reading
Heighten Geopolitical Tension Hit on Wall Street
Written on November 1, 2024 at 6:51 am, by
Market Summary Wall Street was hit hard by the escalating geopolitical tensions in the Middle East, with Israel and Hezbollah exchanging heavy fire. The Dow Jones led the decline, closing around 400 points lower, marking a nearly 2% drop from its all-time peak. As earnings season progresses, market participants are bracing for volatile price actionContinue Reading
