Monthly Archives: April 2024
41654156156Oil Price Rose On Supply Concerns
Written on April 4, 2024 at 2:20 am, by jonywang
Fundamental Analysis * Supply Fears: Oil prices continue to climb amid concerns over reduced supply, as major producers continued to enforce output cuts, coupled with signs of robust economic expansion in the United States, the world’s largest oil consumer. The oil price is boosted by Ukraine’s attacks on Russian refineries, disrupting fuel supply, and concernsContinue Reading
Dollar Eases Ahead Of Jerome Powell Speech
Written on April 3, 2024 at 6:03 am, by jonywang
Market Summary The U.S. stock market experienced a significant decline yesterday, with all three major indexes dropping by approximately 1%. This downturn occurred as U.S. long-term Treasury yields surged to their highest level since last December, fueled by robust economic data suggesting that the Federal Reserve might postpone interest rate cuts. However, the dollar indexContinue Reading
Pound Remains Defensive Amid Slowing UK Inflation.
Written on April 3, 2024 at 2:00 am, by jonywang
Fundamental Analysis * Dismal mood: The Pound Sterling has fell against the dollar and its peer as the major pair remains at risk due to slowing UK inflation and negative market sentiment. On U.S front, several Federal Reserve officials discussed the monetary policy outlook on Tuesday. Loretta Mester, President of the Cleveland Fed Bank, maintainedContinue Reading
