Category Archives: Market Insights
Yen Breaks 150 Level, Sparking Intervention Speculation
Written on October 26, 2023 at 5:13 am, by lishitong
The Japanese yen has weakened to a one-year low at 150 per dollar, raising the spectre of potential currency intervention. The Japanese yen has weakened to a one-year low at 150 per dollar, raising the spectre of potential currency intervention. Alphabet’s disappointing earnings report sent shockwaves through the US equity market, triggering a significant selloff.Continue Reading
Dollar Strengthens On Upbeat PMI Reading
Written on October 25, 2023 at 5:11 am, by lishitong
Favourable U.S. PMI data, coupled with better-than-expected Eurozone economic figures, led to the dollar rebounding above the $106 level. Amidst improving conditions in the Middle East conflict, international leaders and the United Nations advocate for Humanitarian Pauses to facilitate essential aid access for civilians. Gold prices remained stable, but oil prices faced a downturn dueContinue Reading
Dollar Plunges on Treasury Yield Surge
Written on October 24, 2023 at 5:14 am, by lishitong
The US dollar experienced a decline of over 0.5% as the US long-term bond yield touched the 5% mark. Hamas militants freed 2 hostages while Israel delayed a ground attack and provided relief from the heightened tension in the Middle East region. Meanwhile, China’s surprising affirmation of Israel’s right to self-defence injected optimism into globalContinue Reading
Middle East Conflict De-escalation Eases Gold Prices
Written on October 23, 2023 at 5:26 am, by lishitong
Israel’s decision to halt its ground invasion of Gaza has temporarily eased Middle East tensions. Amid diplomatic efforts to calm the Middle East conflict, Israel’s decision to halt its ground invasion on Gaza has momentarily eased tensions. Oil prices faced resistance at $90, leading to a decline since last Friday, while gold prices encountered sellingContinue Reading
Powell’s Dovish Statement Hammers Dollar
Written on October 20, 2023 at 5:14 am, by lishitong
Despite visits by the U.S. president and the U.K.’s prime minister to Israel, gold and oil prices surge due to Middle East tensions. Despite diplomatic efforts by world leaders, including planned visits by the U.S. president and UK’s prime minister to Israel, gold and oil prices continue to surge in response to escalating Middle EastContinue Reading
Upcoming Major Country Central Bank Interest Rate Decision
Written on October 20, 2023 at 12:19 am, by lishitong
The Week Ahead: Week of 23 October (GMT+3) Wednesday, 25 October, 17:00 – CA BoC Interest Rate Decision In September, Canada’s annual Consumer Price Index (CPI) showed a decline in inflation from 4% in August to 3.8%. The Bank of Canada’s upcoming rate decision will be crucial, as it previously held the benchmark rate atContinue Reading
Escalating Middle East Conflict Strengthens Gold Prices
Written on October 19, 2023 at 5:51 am, by lishitong
President Biden in Israel, leading global efforts to de-escalate Middle East conflict, causing surges in gold and oil due to regional tensions. U.S. President Joe Biden, alongside UK Prime Minister Sunak, stepped foot in Israel, leading international efforts to de-escalate the Middle East conflict. The heightened regional tensions propelled commodity prices, with gold and oilContinue Reading
Intensifying Middle East Conflict Bolsters Gold Price
Written on October 18, 2023 at 5:13 am, by lishitong
Escalating tensions in the Middle East ahead of the U.S. The President’s visit to Israel cast a shadow. Gold and oil prices rallied amid stalled ceasefire efforts in Gaza. Escalating tensions in the Middle East cast a shadow as the anticipated visit of the U.S. President to Israel looms on Wednesday. Against this backdrop, goldContinue Reading
Dollar Softens As Middle East Tension Eases
Written on October 17, 2023 at 6:00 am, by lishitong
U.S. President Joe Biden’s upcoming visit to Israel signals a show of support, bolstering market confidence. Amid escalating Middle East tensions, Western allies have intensified diplomatic efforts. U.S. President Joe Biden’s upcoming visit to Israel signals a show of support, bolstering market confidence. Equities surged, reflecting improved risk appetite, while traditional safe-havens like USD andContinue Reading
Middle East Tensions Fuel Safe-Haven Surge
Written on October 16, 2023 at 5:10 am, by lishitong
Safe-haven assets such as gold and the US Dollar have experienced a substantial upswing in response to the deepening Middle East conflict. Safe-haven assets such as gold and the US Dollar have experienced a substantial upswing in response to the deepening Middle East conflict. As tensions escalated on the Israel-Lebanon border, with over 2,000 civilianContinue Reading
