Monthly Archives: November 2024
Heighten Geopolitical Tension Hit on Wall Street
Written on November 1, 2024 at 6:51 am, by
Market Summary Wall Street was hit hard by the escalating geopolitical tensions in the Middle East, with Israel and Hezbollah exchanging heavy fire. The Dow Jones led the decline, closing around 400 points lower, marking a nearly 2% drop from its all-time peak. As earnings season progresses, market participants are bracing for volatile price actionContinue Reading
U.S Dollar Jumps on Heightens Treasury Yield
Written on November 1, 2024 at 6:50 am, by
Market Summary The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears. Investors are preparing for theContinue Reading
Dollar Stays Strong as U.S. Election is Approaching
Written on November 1, 2024 at 6:17 am, by
Market Summary Safe-haven gold continues to trade within a bullish trajectory as traders closely watch developments in the Middle East. With the U.S. presidential election looming, demand for gold has surged due to the uncertainty surrounding the event. Meanwhile, silver has exhibited extreme bullish momentum, rising nearly 7% last week and holding at its highestContinue Reading
