Monthly Archives: May 2024
Dollar Rebound on Fed’s Hawkish Tone
Written on May 23, 2024 at 4:59 am, by
Market Summary In yesterday’s market, the U.S. equity market took a breather after all three major indexes had risen more than 5% in May. All eyes are now on Nvidia’s earnings report due on Wednesday, which has the potential to spur the equity market further. In Asia, the Chinese stock markets also saw a retracement,Continue Reading
Gold Prices Back to All-time High Territory
Written on May 23, 2024 at 4:58 am, by
Market Summary Asian equity markets opened strongly at the start of the week, buoyed by the bullish sentiment from last Friday’s U.S. market performance. Investors in the U.S. are eyeing Nvidia’s earnings report on Wednesday, anticipating another AI-driven rally. On the other hand, geopolitical issues in Eastern Europe and the Middle East have intensified, drivingContinue Reading
Eyeing on Today’s Euro CPI
Written on May 23, 2024 at 4:57 am, by
Market Summary The dollar index (DXY) found support above the $104 mark after two consecutive sessions of decline, as U.S. inflation showed signs of easing. The U.S. initial jobless claims released yesterday came in slightly better than the previous reading, providing some buoyancy for the dollar. While the U.S. stock market lacked momentum, the HongContinue Reading
