Yearly Archives: 2024
41654156156Gold Slumps Amid Rising US Treasury Yield
Written on May 30, 2024 at 2:19 am, by 王建军
Fundamental Analysis * Treasury Surge, Gold Purge: Gold prices fell on Wednesday as rising US Treasury yields increased demand for the Greenback. The yield on the US 10-year Treasury note rose by six basis points to 4.616%, strengthening the dollar and weighing on the commodity. With a sparse economic calendar, traders continue to digest hawkishContinue Reading
Oil Prices Bullish As Geopolitical Tension Escalates
Written on May 29, 2024 at 6:04 am, by 王建军
Market Summary As U.S. markets resumed following the Monday public holiday, the implementation of the “T +1” settlement rule was overshadowed by a hawkish tone from the Federal Reserve. The Nasdaq and S&P 500 closed unchanged, while the Dow Jones declined. Fed official Neel Kashkari indicated that the Fed would maintain its restrictive monetary policyContinue Reading
Yen Falters Amid Poor Economic Data
Written on May 29, 2024 at 2:15 am, by 王建军
Fundamental Analysis * Yen Woes: The Japanese Yen continued to weaken against the dollar following the Bank of Japan’s disappointing inflation data release. In April, Japan’s Weighted Median Inflation Index, a key indicator of the nation’s inflation trend, rose by only 1.1%, down from a 1.3% increase in March. This marks the first time sinceContinue Reading
