Monthly Archives: May 2024
41654156156Gold Soars Amid Rising Expectation of Central Bank Rate Cuts
Written on May 21, 2024 at 1:51 am, by 王建军
Fundamental Analysis * Gleaming Gold: Gold prices are continuing to rise against the US dollar as expectations grow that global major central banks, including the Federal Reserve, may ease monetary policy in 2024. A recent consumer inflation report in the United States, which came in lower than expected, has led to speculation that the FedContinue Reading
Gold Prices Back to All-time High Territory
Written on May 20, 2024 at 3:49 am, by 王建军
Market Summary Asian equity markets opened strongly at the start of the week, buoyed by the bullish sentiment from last Friday’s U.S. market performance. Investors in the U.S. are eyeing Nvidia’s earnings report on Wednesday, anticipating another AI-driven rally. On the other hand, geopolitical issues in Eastern Europe and the Middle East have intensified, drivingContinue Reading
Euro Gains Amid Firm Speculation Of Fed Rate Cut.
Written on May 20, 2024 at 2:39 am, by 王建军
Fundamental Analysis * Fed Buzz: The Euro has gained ground against the US dollar, propelled by strong speculation that the Federal Reserve will initiate interest rate cuts starting from the September meeting, thereby exerting downward pressure on the dollar. The recent muted Consumer Price Index (CPI) release sparked fresh optimism that the disinflationary pattern, whichContinue Reading
