About: jonywang
Recent Posts by jonywang
Oil Price Soar on Geopolitical Tension
*Heightened geopolitical tension pushed oil prices to a recent high level. *Wall Street cools off ahead of Wednesday’s Nvidia earnings report. *U.S. BTC ETF saw a net inflow last week, suggesting risk appetite has improved in the crypto market. Market Summary Geopolitical tensions in both the Middle East and Eastern Europe have escalated, creating significantContinue Reading
BoJ Holds Firm on Tightening Path Fuels Yen
*Jerome Powell Dovish statement at the Jackson Hole Economic Symposium hammers the dollar lower. *Yen Strengthen against the dollar with BoJ Monetary tightening policy prospect. *Heightened tension between Hezbollah and Israel pushed commodity prices higher. Market Summary Jerome Powell’s highly anticipated speech last Friday at the Jackson Hole Economic Symposium drove the dollar to itsContinue Reading
BoJ Holds Firm on Tightening Path Fuels Yen
*BoJ signal to stick with current monetary tightening policy strengthened Yen *Fed officials suggest a cautious approach for monetary easing policy buoying the dollar’s strength. *Gold broke below the $2500 mark as the dollar strengthened and hammered the gold prices. Market Summary The Bank of Japan (BoJ) remains on course with its monetary tightening policy,Continue Reading
Dovish FOMC Meeting Minutes Hammers Dollar
*The dollar faced continued downside pressure after FOMC meeting minutes hinted at a potential September rate cut, boosting U.S. equity markets. *The euro and British pound reached their highest levels in 2024 against the weakening dollar, eyes on today’s PMI readings for both regions. *Oil struggled to maintain support at $72.40, pressured by concerns overContinue Reading
Eye on Today’s FOMC Meeting Minutes
*Equity market quiet and Dollar remain weak ahead of the FOMC Meeting Minutes release. *Eyes on Jackson Hole Economic Symposium that commence tomorrow and its implication on the Forex market. *Gold trading with strong bullish momentum and recorded another all-time high in the last session. Market Summary Wall Street took a pause in the lastContinue Reading
