About: jonywang

*In line with market expectations, the Fed’s interest rate decision cuts by 50 bps. *BoE’s interest rate decision is due today, with the expectation of staying unchanged. *The dovish moves from the Fed fuels BTC’s uptrend movement. Market Summary The Federal Reserve’s monetary policy decision was announced yesterday, aligning with market expectations for a moreContinue Reading

*Dollar ceded while Wall Street stood pat ahead of the FOMC interest rate decision. *Japanese Yen eases on soft trade data, boosting Nikkei higher. *BTC reversed the bearish trend ahead of Fed’s monetary policy decision. Market Summary The financial spotlight today is on the FOMC interest rate decision and Jerome Powell’s speech, both highly anticipatedContinue Reading

*US Dollar Dips as Federal Reserve Rate Cut Looms – Investors are bracing for a possible 50-basis-point rate cut at the Federal Reserve’s upcoming meeting. *Oil Prices Climb on Hurricane Disruptions in the Gulf of Mexico – Crude oil production in the US remains hampered by Hurricane Francine, which has taken 12% of production offline.Continue Reading

*Initial Jobless Claims came in at 230k, higher than the market consensus, pushing the dollar lower. *The ECB cut rates by 25 bps, in line with market expectations. *Gold surged to a new all-time high ahead of next week’s Fed policy meeting. Market Summary Contrary to the U.S. inflation data (CPI) released on Wednesday, whichContinue Reading

*Upbeat U.S. CPI data eases recession worries, strengthening the dollar and boosting Wall Street after the release. *Gold prices were once again rejected at the $2,530 mark, indicating strong selling pressure at this level. *All eyes are on today’s ECB policy decision, with expectations of a 25 basis points rate cut. Market Summary The U.S.Continue Reading