About: jonywang
Recent Posts by jonywang
Gold Surges on Rising Geopolitical Tension
* Wall Street retreated as the tech industry bellwether AMSL failed to meet earning performance. * Gold prices rose as the Middle East conflict remained. * Eye on today’s UK CPI reading to gauge the Pound Sterling’s strength. Market Summary Wall Street saw a retracement in the last session, with a similar sentiment spreading toContinue Reading
Wall Street Bullish as Market Confidence on Earnings Performance
* Wall Street gained as the U.S. equity market entered the 3rd quarter earnings report season. * Oil prices plunged as the Israeli Prime Minister assured not to attack Iran’s oil facilities. * The U.S. dollar remains strong, with the DXY poised above the $103 mark. Market Summary Wall Street extended its gains, with theContinue Reading
Dollar Holds Firm, But Will the Strength Persist?
* Dollar Strengthens as Market Expects Smaller Rate Cut * Oil Prices Driven by Middle East Tensions and Demand Uncertainty * Equities Edge Higher, Though Volatility Persists Ahead of Earnings Reports Market Summary The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initiallyContinue Reading
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
