Monthly Archives: February 2024
Fed’s Hawkish Tone Buoys The Dollar
Written on February 20, 2024 at 2:08 am, by jonywang
Several Fed officials have made consistent statements following last week’s interest rate decision and the disclosure of the Nonfarm Payroll. Several Fed officials have made consistent statements following last week’s interest rate decision and the disclosure of the Nonfarm Payroll. Jerome Powell and his colleagues have emphasised that the strength of the labour market andContinue Reading
Oil Prices Surge On Geopolitical Uncertainty
Written on February 20, 2024 at 2:06 am, by jonywang
Oil prices surged by over 3% yesterday, driven by escalating tensions in the Middle East Oil prices surged by over 3% yesterday, driven by escalating tensions in the Middle East. Ceasefire talks took a gloomy turn as Israeli Prime Minister Benjamin Netanyahu rejected the Gaza deal, deeming it “delusional.” This geopolitical uncertainty in the MiddleContinue Reading
Dollar Flat: Investors Await Key Inflation Report
Written on February 20, 2024 at 2:05 am, by jonywang
Dollar in consolidation mode ahead of key economic data, investors are advised to continue eyeing on US CPI. The US Dollar adopts a consolidated stance in anticipation of key economic data, particularly US inflation and retail sales figures. Investors are closely monitoring the Consumer Price Index (CPI) for January, expecting a year-on-year increase of 2.90%,Continue Reading
