Monthly Archives: May 2024
41654156156All Eye on BoE’s Monetary Decision Today
Written on May 9, 2024 at 5:33 am, by 王建军
Market Summary In the last session, the financial markets experienced relative calm, with the dollar index (DXY) maintaining stability around the 105.50 level, while U.S. equity markets remained near recent highs. Notable movements were observed in the bond markets, where the 10-year benchmark yields for Australia, New Zealand, and Japan saw increases, potentially bolstering theirContinue Reading
Crude Oil Gains Following US Crude Inventories Fell
Written on May 9, 2024 at 2:25 am, by 王建军
Fundamental Analysis * Surprise Draw: The price of the US crude benchmark WTI, has regain some ground and rebound from losses following an unexpected drop in U.S crude storage. According to the Energy Information Administration (EIA) report on Wednesday, crude inventories for the week ending May 3 fell by 1.4 million barrels to 459.5 millionContinue Reading
Hawkish Fed’s Comment Strengthen The Dollar
Written on May 8, 2024 at 5:52 am, by 王建军
Market Summary The latest session saw equity markets mainly focusing on earnings reports from prominent companies, maintaining a relatively steady position amidst a broader economic context. While last week’s softer-than-expected Nonfarm Payrolls (NFP) report temporarily influenced market sentiment, attention has shifted back to corporate performance as a key driver for stock movements. On the currencyContinue Reading
