About: jonywang
Recent Posts by jonywang
Oil Prices Surge on Heightened Geopolitical Tension
* Oil extended its gain as geopolitical tension in the Middle East is worsening. * The U.S. dollar strengthened last night on the back of an upbeat U.S. CPI reading. * Keep an eye on today’s UK GDP as it may be a pivotal factor in the pound sterling. Market Summary Oil experienced heightened volatilityContinue Reading
Wall Street Bullish on Tech Rally
* Wall Street was robust with a fresh tech-rally, with Dow Jones recording a new all-time high. * FOMC meeting minutes suggest a bigger size rate cut is less likely and buoy the dollar’s strength. * Gold declined to a new low in October amid the strengthening of the dollar. Market Summary The Chinese equityContinue Reading
Gold Prices Plunge on Fed’s Hawkish Prospect
* China A50 and HSI continue to plunge on poor Chinese holiday data. * The dollar is strong ahead of the FOMC meeting minutes on the Hawkish prospect. * Gold Plummet as the market eyes on a stronger dollar ahead. Market Summary Chinese equities, including the China A50 and Hang Seng Index (HSI), extended theirContinue Reading
Oil Prices Bolster by Heighten Geopolitical Tension
* Oil prices surge on heightened tension in the Middle East region. * The U.S. dollar remained strong on the back of robust job data last Friday. *Eye on tomorrow’s RBNZ’s interest rate decision with the expectation of a 50 bps rate cut. Market Summary Oil prices surged by nearly 4% in the last session,Continue Reading
U.S. Jobs Report Boosts Dollar: Is a Rebound Ahead?
* Dollar Index Rises to Seven-Week High on Strong U.S. Economic Data * Oil Prices Surge Amid Middle East Tensions, Posting Best Weekly Gains in a Year * Yen Weakens as Japan’s New PM Signals Economic Caution on Rate Hike Market Summary The Dollar Index surged to a seven-week high, driven by strong U.S. economicContinue Reading
