Category Archives: Market Insights
All Eyes On U.S. CPI Reading
Written on December 12, 2023 at 5:38 am, by lishitong
Market focus is now trained on the impending U.S. Consumer Price Index (CPI) reading, anticipated to influence the dollar’s trajectory. The U.S. Dollar is holding firm above the $103.50 level, buoyed by the positive momentum gained from upbeat U.S. job data released last Friday. Market focus is now trained on the impending U.S. Consumer PriceContinue Reading
Dollar Surges On Exceptional Jobs Data
Written on December 11, 2023 at 5:23 am, by lishitong
The US Dollar staged a robust rebound on stellar employment figures, with Nonfarm Payrolls exceeding expectations at 199K and the unemployment rate declining to 3.70%. The US Dollar staged a robust rebound on stellar employment figures, with Nonfarm Payrolls exceeding expectations at 199K and the unemployment rate declining to 3.70%. This unexpected strength sparked optimismContinue Reading
Yen Rallies On BoJ Hawkish Comment
Written on December 8, 2023 at 5:50 am, by lishitong
Governor Ueda remarked on the exploration of diverse options to navigate the country out of its negative interest rate regime leading to a substantial 2% drop in the USD/JPY pair overnight The Japanese Yen staged a robust rally in the previous session, leading to a substantial 2% drop in the USD/JPY pair overnight. This surgeContinue Reading
Economists Anticipate The Fed To Keep Rates Steady In December
Written on December 8, 2023 at 1:37 am, by lishitong
Tuesday, 12 Dec, 15:30 – US CPI (MoM) (Nov) In October, the Consumer Price Index (CPI) remained at 0.0%, below the predicted 0.1%, sustaining stability after a 0.4 percent rise in September. The broader all items index indicated a slowdown, reflecting a trend of price stability across various sectors. Wednesday, 13 Dec, 09:00 – UKContinue Reading
Dollar Mutes As U.S. Job Data Comes Short
Written on December 7, 2023 at 5:53 am, by lishitong
In yesterday’s highly anticipated release of the ADP Non-Farm Unemployment Change data, the dollar failed to gather momentum as the figure came short. In yesterday’s highly anticipated release of the ADP Non-Farm Unemployment Change data, the dollar failed to gather momentum as the figure came short. Persistent downward pressure on the dollar’s strength ensued asContinue Reading
Dollar Bolsters Due To PMI Readings
Written on December 6, 2023 at 5:38 am, by lishitong
The latest U.S. Job Opening data, dropping to its lowest level since March 2021 at 8.73 million, offers a preliminary insight ahead of the crucial NFP The latest U.S. Job Opening data, dropping to its lowest level since March 2021 at 8.73 million, offers a preliminary insight ahead of the crucial Non-Farm Payrolls (NFP) reportContinue Reading
Dollar Gains Ahead Of NFP
Written on December 5, 2023 at 5:45 am, by lishitong
Wall Street’s bullish momentum showed signs of easing, coinciding with the U.S. dollar stabilising ahead of the eagerly anticipated U.S. job data (NFP) Wall Street’s bullish momentum showed signs of easing, coinciding with the U.S. dollar stabilising ahead of the eagerly anticipated U.S. job data (NFP) set for release this Friday. Market sentiment was impactedContinue Reading
Gold Prices Raise To All Time High On Rate-cut Speculation
Written on December 4, 2023 at 6:03 am, by lishitong
The market remains firmly convinced that the U.S. central bank is poised for such actions next year, gold prices briefly reaching an all-time high at $2146. Despite Jerome Powell, the Federal Reserve Chief, attempting to push back on rate-cut expectations, the market remains firmly convinced that the U.S. central bank is poised for such actionsContinue Reading
Nonfarm Payrolls Forecasted At 175K Increase
Written on December 4, 2023 at 3:20 am, by lishitong
Tuesday, 5 Dec, 05:30 RBA Interest Rate Decision (Dec) The Organisation for Economic Co-operation and Development (OECD) has predicted that rates in Australia have reached its peak, an outlook supported by the country’s Treasurer Jim Chalmers. The RBA rate is currently at a 12-year high of 4.35%, with just 2% of the market pricing inContinue Reading
Oil Prices Decline On OPEC+ Meeting Result
Written on December 1, 2023 at 5:41 am, by lishitong
Despite OPEC+ announces production cuts, oil traders remained unconvinced, leading to a nearly 3% plunge in oil prices overnight. The efficacy of these cuts is questionable as they are implemented on a “voluntary” basis. Despite OPEC+ announces production cuts, oil traders remained unconvinced, leading to a nearly 3% plunge in oil prices overnight. The efficacyContinue Reading
