About: jonywang
Recent Posts by jonywang
Bank of Japan Signal Pausing Rate Hike
* The Japanese Yen is expected to weaken in the near term as BoJ hinted there was no intention of a rate hike next week. * U.S. treasury yield slid, leading to a softening U.S. dollar and buoying Wall Street in the last session. * BTC gained over 3%, suggesting a bullish trend reversal. MarketContinue Reading
Heighten Geopolitical Tension Hit on Wall Street
* Wall Street weighed on the heightened geopolitical situation, with Nasdaq declining by 1.6% in the last session. * Gold encountered profit-taking sentiment and slid nearly 1% yesterday. * USD/JPY is trading with a strong uptrend as the Yen continues to weigh on poor economic indicators. Market Summary Wall Street was hit hard by theContinue Reading
U.S Dollar Jumps on Heightens Treasury Yield
* The U.S. dollar extended its rally as selling pressure in the bond market pushed Treasury yields higher, bolstering the dollar’s strength. * ECB’s Christine Lagarde highlighted the subdued inflationary pressures in the eurozone, fueling expectations of a dovish stance from the ECB, which continues to weigh on the euro. * Gold remained resilient, surgingContinue Reading
Dollar Stays Strong as U.S. Election is Approaching
* Gold Remain strong despite facing slight technical retracement in the last session. * The dollar remains robust, with the dollar index notching its highest level in October as treasury yield surged. * Eye on the Canadian dollar with the expectation of a 50 bps rate cut from the Bank of Canada tomorrow. Market SummaryContinue Reading
Middle East Conflicts Intensify, Gold Jump
* Gold surged to new records amid the worsening situation in the Middle East. * Wall Street remains strong, with optimism about earnings performance. * BTC rose to near the $70,000 mark as the U.S. presidential election is approaching. Market Summary Gold surged to a record high, nearing the $2730 mark per ounce, as worseningContinue Reading
