Yearly Archives: 2024
41654156156Will Gold Break Records Amid Fed Dovishness And Rising Tensions?
Written on August 1, 2024 at 1:20 am, by 王建军
Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: Gold prices rebounded and extended their gains, driven by two major factors. First, the Federal Reserve’s dovish tone and hints at potential rate cuts bolstered demand for the non-yielding asset. Second, escalating tensions in the Middle East added to the safe-haven appeal of gold asContinue Reading
Nasdaq Plummet Ahead Of Fed’s Interest Rate Decision
Written on July 31, 2024 at 5:33 am, by 王建军
Market Summary The Japanese Yen strengthened ahead of the BoJ’s interest rate decision, with part of the market anticipating a monetary tightening policy from the Japanese central bank due to sustainable inflation and wage growth in the country. If the BoJ raises rates by 10 bps, as expected, the Yen could strengthen further. On theContinue Reading
Swiss Franc Gains Despite Positive U.S Data, Rate Cut Weigh
Written on July 31, 2024 at 2:29 am, by 王建军
Fundamental Analysis * Swiss Defiance: The Swiss Franc gained against the dollar despite better-than-expected U.S. economic data, as investors continued to focus on the possibility of a Federal Reserve rate cut. The Conference Board’s Consumer Confidence Index increased to 100.30 in July, up from a revised 97.8 in June, indicating a slight improvement in U.S.Continue Reading
