About: jonywang
Recent Posts by jonywang
Gold Edge Higher On Soft Dollar – Test
Market Summary The dollar has eased from its bullish trend, which was fueled by upbeat PMI readings last Friday. Apart from Friday’s PCE reading, traders are also keeping an eye on Wednesday’s U.S. 5-year note auction to gauge market sentiment toward the Fed’s upcoming monetary policy and its implications for the dollar’s strength. On WallContinue Reading
Focus On Today’s BoE Interest Rate Decision – Test
Market Summary The financial market remained relatively quiet as the U.S. celebrated its National Independence Day holiday yesterday, resulting in a halt for the U.S. equity market. However, the equity market futures remained bullish, catalysed by the tech sector. Attention now turns to the Pound Sterling as the Bank of England’s (BoE) interest rate decisionContinue Reading
Pound Sterling Slips Amid BoE Rate Decision – Test
Fundamental Analysis * Dovish Tone: The GBP/USD exchange rate declined after the Bank of England (BoE) decided to keep interest rates at 5.25%. The accompanying statement indicated the decision was “finely balanced,” implying there was a significant risk the BoE might have opted to cut rates. The language of the accompanying statement and minutes wasContinue Reading
