About: jonywang
Recent Posts by jonywang
China Rate Cut Spurs Equity Market to Rally
* Both China A50 and HSI recorded a biggest weekly gain this week followed by Chinese government economic stimulus measure implementation. * Soft U.S. job data hindered the dollar strength last night and bolstered Wall Street. *Gold is Poised at an all-time high amid the weakening dollar’s strength. Market Summary The Chinese equity market hasContinue Reading
Dollar Strengthen Ahead of GDP Reading
* The U.S. dollar recorded a technical rebound ahead of the U.S. GDP. * Chinese equity markets remain robust due to the Chinese government’s economic stimulus package. *Gold is Poised at all-time high levels as Middle-East tension escalates. Market Summary The U.S. dollar rebounded sharply towards the $101 mark ahead of key economic data releases,Continue Reading
Gold Hovering Record High
*The dovish tone of several Fed members weighs on the dollar’s strength and supports the U.S. equity market. *Gold poised at all-time high levels on soften dollar and heighten geopolitical tension in Middle East. *All eyes are on the RBA’s interest rate decision, which is due today. Market Summary Ahead of the release of keyContinue Reading
Wall Street Calm after Fed’s Rate Cut Rally
*The U.S. dollar remains lacklustre, but support for the dollar index was found at near $100.60 level *My eyes are on the RBA’s interest rate decision, which is due tomorrow with Hawkish expectations. *BTC climbed to its highest level in September as sentiment improved in the broader market. Market Summary The U.S. dollar continues toContinue Reading
Wall Street Rallies on Dovish Fed’s Policy
*Wall Street rallied after the market digested the dovish pivot of the Fed monetary policy. *The U.S. dollar was hammered to a near recent low level as the dollar is weighing on the Fed rate cut event. *Gold prices are poised at an all-time high, awaiting a fresh catalyst to break a new high. MarketContinue Reading
