Category Archives: Daily Market Analysis
Dollar Stalls Ahead Of Key CPI Release
Written on November 14, 2023 at 5:31 am, by 力士通
The US dollar remains in a holding pattern as investors brace for a week of pivotal events. Markets expect the October Consumer Price Index (CPI) will set at a 0.10% monthly rise. The US Dollar remains in a holding pattern as investors brace for a week of pivotal events. All eyes are on the imminentContinue Reading
Dollar Resurgence: Fed’s Hawkish Tone Sparks Market Shifts
Written on November 13, 2023 at 2:17 am, by 力士通
Dollar staged a significant rebound driven by hawkish sentiments from Federal Reserve members, particularly emphasised by Federal Reserve Bank of San Francisco President Mary Daly. The US Dollar staged a significant rebound driven by hawkish sentiments from Federal Reserve members, particularly emphasised by Federal Reserve Bank of San Francisco President Mary Daly. This resurgence wasContinue Reading
Powell’s Hawkish Tone Fuels Dollar’s Strength
Written on November 10, 2023 at 5:18 am, by 力士通
The Fed Chair’s stern warning indicated that the Fed’s monetary tightening efforts are far from concluded, prompting a resurgence of the dollar’s strength. Jerome Powell’s speech yesterday sent ripples through the financial markets, disrupting the U.S. equity markets’ winning streak. The Fed Chair’s stern warning indicated that the Fed’s monetary tightening efforts are far fromContinue Reading
All Eyes On Jerome Powell’s Speech
Written on November 9, 2023 at 5:45 am, by 力士通
The VIX index, a key measure of fear in the U.S. equity market, plummeted by over 20% in November, indicating a rising risk-on sentiment among investors. The VIX index, a key measure of fear in the U.S. equity market, plummeted by over 20% in November, indicating a rising risk-on sentiment among investors. However, market activityContinue Reading
Oil Prices Plummet On Bearish U.S. Oil Data
Written on November 8, 2023 at 5:33 am, by 力士通
Oil prices tumbled nearly 5% as the demand outlook dimmed. China’s upcoming economic data, promise further fluctuations in oil prices. In a sharp turn, oil prices tumbled nearly 5% as the demand outlook dimmed, exacerbated by a substantial surge in U.S. crude stockpiles revealed in the API weekly data. This surge implied a significant cool-offContinue Reading
Gold Prices Declines On Softening Middle East Conflict
Written on November 7, 2023 at 4:53 am, by 力士通
In a significant market shift, gold prices have witnessed a notable downturn as tensions in the Middle East show signs of abating. In a significant market shift, gold prices have witnessed a notable downturn as tensions in the Middle East show signs of abating. Israel’s decision to implement a ceasefire for humanitarian purposes, coupled withContinue Reading
Dollar Index Plummets On Soft NFP And Unemployment Rate
Written on November 6, 2023 at 5:17 am, by 力士通
The dollar index plummeted following last Friday’s U.S. Nonfarm Payroll report and the Unemployment rate data. The dollar index plummeted to September levels following last Friday’s U.S. Nonfarm Payroll report and the Unemployment rate data, indicating a softening job market and further easing U.S. inflation. Despite the softening dollar, commodity prices including gold and oilContinue Reading
All Eyes On U.S. Nonfarm Payroll
Written on November 3, 2023 at 5:42 am, by 力士通
Before the release of the U.S. Nonfarm Payroll report, the dollar index faced a significant setback following disappointing U.S. job data. In anticipation of the pivotal U.S. Nonfarm Payroll report slated for release today, the dollar index faced a significant setback, dropping nearly 0.5% overnight. This decline follows disappointing U.S. job data, which has castContinue Reading
Fed’s Rate Pause Pressures Dollar’s Strength
Written on November 2, 2023 at 5:24 am, by 力士通
In a highly anticipated move, the Federal Reserve opted for a pause in its interest rate trajectory, aligning with market predictions. In a highly anticipated move, the Federal Reserve opted for a pause in its interest rate trajectory, aligning with market predictions. Federal Reserve Chair Jerome Powell, while announcing the decision, left the door ajarContinue Reading
Japanese Yen Slides On BoJ Dovish Stance
Written on November 1, 2023 at 5:27 am, by 力士通
The Japanese yen weakened against the USD after the Bank of Japan (BoJ) maintained its dovish stance. The Japanese Yen weakened against the USD, hitting its lowest level since last October, after the Bank of Japan (BoJ) maintained its dovish stance in its recent interest rate decision. Investors now anticipate a shift in Japan’s monetaryContinue Reading