Category Archives: Daily Market Analysis
Dollar Softens As Middle East Tension Eases
Written on October 17, 2023 at 6:00 am, by 力士通
U.S. President Joe Biden’s upcoming visit to Israel signals a show of support, bolstering market confidence. Amid escalating Middle East tensions, Western allies have intensified diplomatic efforts. U.S. President Joe Biden’s upcoming visit to Israel signals a show of support, bolstering market confidence. Equities surged, reflecting improved risk appetite, while traditional safe-havens like USD andContinue Reading
Middle East Tensions Fuel Safe-Haven Surge
Written on October 16, 2023 at 5:10 am, by 力士通
Safe-haven assets such as gold and the US Dollar have experienced a substantial upswing in response to the deepening Middle East conflict. Safe-haven assets such as gold and the US Dollar have experienced a substantial upswing in response to the deepening Middle East conflict. As tensions escalated on the Israel-Lebanon border, with over 2,000 civilianContinue Reading
Upbeat CPI Boosts Dollar’s Strength
Written on October 13, 2023 at 5:13 am, by 力士通
Market sentiment shifted significantly after the U.S. Consumer Price Index data exceeded expectations, along with strong Initial Jobless Claims figures. Market sentiments shifted significantly following the release of yesterday’s U.S. Consumer Price Index (CPI) data, which surpassed expectations. Coupled with robust Initial Jobless Claims figures indicating a resilient labour market, investors are reevaluating the possibilityContinue Reading
Dollar Softens On FOMC’s Dovish Stance
Written on October 12, 2023 at 5:42 am, by 力士通
The dollar remains subdued due to the Fed’s balanced assessment of inflation and recession risks. The dollar struggles below the $106 mark as the Federal Reserve adopts a dovish stance, signalling a potential end to its rate-hiking cycle. Despite a stronger-than-expected U.S. Producer Price Index (PPI), the dollar remains subdued due to the Fed’s balancedContinue Reading
Dollar Softens Ahead Of FOMC Meeting Minutes
Written on October 11, 2023 at 5:30 am, by 力士通
US Dollar tumbled ahead of several crucial market events, including CPI, PPI as well as FOMC Meeting Minutes Investors navigated a cautious market terrain as more Federal Reserve officials echoed dovish sentiments, indicating the necessity of maintaining rates at a restrictive level to curb inflation. Anticipation mounts ahead of the September FOMC meeting minutes, expectedContinue Reading
Dollar Softens On Fed’s Dovish Tone
Written on October 10, 2023 at 6:01 am, by 力士通
The dollar index lost momentum following a dovish tone from Federal Reserve officials. In a surprising turn, the dollar index lost its momentum following a markedly dovish tone from Federal Reserve officials, igniting widespread speculation that the central bank might maintain interest rates through 2023’s end. This sentiment shift occurred amidst rising Treasury yields andContinue Reading
Middle East War Bolsters Gold Prices
Written on October 9, 2023 at 5:16 am, by 力士通
The week started with a surge in gold prices, driven by the escalating conflict in the Middle East involving Israel and the Palestinian militant group Hamas. The week kicked off with a surge in gold prices, climbing nearly 1%, driven by the escalating conflict in the Middle East involving Israel and Palestinian militant group, Hamas.Continue Reading
Dollar Mutes Ahead Of Nonfarm Payroll
Written on October 6, 2023 at 5:41 am, by 力士通
Before the release of Nonfarm Payroll, U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in the dollar index and gold prices. U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in both the dollar index and gold prices, all eyes turned toward the eagerly anticipated Nonfarm Payroll dataContinue Reading
Dollar Ticks Lower By Poor Job Data
Written on October 5, 2023 at 5:44 am, by 力士通
The US dollar plunged below the pivotal $107 threshold, following a mere 89,000 increase in private-sector employment in the last month. The US dollar faced a setback, plunging below the pivotal $107 threshold, following lacklustre private-sector job data showing a mere 89,000 increase in employment last month, marking its lowest figure since September 2021. ThisContinue Reading
The Yen’s Decline Sparks Speculation of Intervention
Written on October 4, 2023 at 3:33 am, by 力士通
Japanese Yen Surges as USD/JPY Breaks Key 150 Level Amidst Speculation of Bank of Japan Intervention The financial landscape remains turbulent as global markets react to a host of impactful factors. The Japanese yen’s sudden dipped after hitting the pivotal 150 level has spurred speculation about potential intervention by Japanese authorities. Meanwhile, the greenback hasContinue Reading
