About: jonywang
Recent Posts by jonywang
Upbeat U.S. GDP Spurs Dollar Strength
*Dow Jones rose to an all-time high, bolstered by the upbeat U.S. GDP reading. *Eye on today’s U.S. PCE reading that may spur the forex market. *Japanese Yen strengthened, followed by the Tokyo CPI reading release that topped market consensus. Market Summary The Dow Jones set a new milestone, rising to 41,577 points before experiencingContinue Reading
Eye on Today’s U.S. GDP
*Wall Street Retraced Despite Nvidia’s earnings report meeting market expectation. *The Atlanta Fed Chief’s hawkish tone supports the dollar from dropping. *Eye on today’s U.S. GDP data that could spur the forex market. Market Summary Nvidia’s highly anticipated earnings report was released yesterday, but despite the numbers beating market consensus, the performance lacked a “wow”Continue Reading
Today’s Key Highlight: Nvidia Earning Report
*All eyes are on Nvidia’s earnings report, which could potentially spur the U.S. equity market. *Aussie dollar strengthens on upbeat CPI reading. *Both BTC and ETH experienced one of the worst plummets in a year, and a clear cause is yet to be found. Market Summary As the market searches for direction, most asset classesContinue Reading
Oil Price Soar on Geopolitical Tension
*Heightened geopolitical tension pushed oil prices to a recent high level. *Wall Street cools off ahead of Wednesday’s Nvidia earnings report. *U.S. BTC ETF saw a net inflow last week, suggesting risk appetite has improved in the crypto market. Market Summary Geopolitical tensions in both the Middle East and Eastern Europe have escalated, creating significantContinue Reading
BoJ Holds Firm on Tightening Path Fuels Yen
*Jerome Powell Dovish statement at the Jackson Hole Economic Symposium hammers the dollar lower. *Yen Strengthen against the dollar with BoJ Monetary tightening policy prospect. *Heightened tension between Hezbollah and Israel pushed commodity prices higher. Market Summary Jerome Powell’s highly anticipated speech last Friday at the Jackson Hole Economic Symposium drove the dollar to itsContinue Reading
