About: jonywang
Recent Posts by jonywang
Geopolitical Tension Spurs Commodity Price
* Middle East conflicts spur commodity prices. * Wall Street retraced on heightened geopolitical tensions. * The dollar extended its gain as a safe-haven currency amid uncertainty. Market Summary Middle East tensions took centre stage in the global financial markets during the last session as Iran fired missiles at Israel, with further retaliation expected, heighteningContinue Reading
Jerome Powell Hawkish Statement Spurs Dollar
* The dollar gained in strength on the back of Hawkish Jerome Powell’s statement. * Euro weighs on easing eurozone member states’ CPI readings, potentially leading to a more dovish ECB monetary policy. * Gold is sideways as the dollar strengthens while traders eye on Middle East geopolitical tension. Market Summary The U.S. dollar gainedContinue Reading
Yen Strengthens After Ishiba Wins Leadership Vote
* Yen strengthened last Friday after Shigeru Ishiba won the ruling party leadership vote. * The Chinese equity market remains robust as opposed to Wall Street, which was weighing on Yen carry trade. *The dollar eased after the U.S. PCE reading came lower than the market consensus. Market Summary The financial markets were shaken byContinue Reading
China Rate Cut Spurs Equity Market to Rally
* Both China A50 and HSI recorded a biggest weekly gain this week followed by Chinese government economic stimulus measure implementation. * Soft U.S. job data hindered the dollar strength last night and bolstered Wall Street. *Gold is Poised at an all-time high amid the weakening dollar’s strength. Market Summary The Chinese equity market hasContinue Reading
Dollar Strengthen Ahead of GDP Reading
* The U.S. dollar recorded a technical rebound ahead of the U.S. GDP. * Chinese equity markets remain robust due to the Chinese government’s economic stimulus package. *Gold is Poised at all-time high levels as Middle-East tension escalates. Market Summary The U.S. dollar rebounded sharply towards the $101 mark ahead of key economic data releases,Continue Reading
