Monthly Archives: May 2024
41654156156Crude Oil Gains Following US Crude Inventories Fell
Written on May 9, 2024 at 2:25 am, by 王建军
Fundamental Analysis * Surprise Draw: The price of the US crude benchmark WTI, has regain some ground and rebound from losses following an unexpected drop in U.S crude storage. According to the Energy Information Administration (EIA) report on Wednesday, crude inventories for the week ending May 3 fell by 1.4 million barrels to 459.5 millionContinue Reading
Hawkish Fed’s Comment Strengthen The Dollar
Written on May 8, 2024 at 5:52 am, by 王建军
Market Summary The latest session saw equity markets mainly focusing on earnings reports from prominent companies, maintaining a relatively steady position amidst a broader economic context. While last week’s softer-than-expected Nonfarm Payrolls (NFP) report temporarily influenced market sentiment, attention has shifted back to corporate performance as a key driver for stock movements. On the currencyContinue Reading
Nasdaq Breaks Key Resistance As Risk-On Sentiment
Written on May 8, 2024 at 2:24 am, by 王建军
Fundamental Analysis * Risk-on Appetite Boosts Equity Market: The U.S. equity markets have sustained their upward trajectory, propelled by a prevailing risk-on sentiment. This optimism is underpinned by robust global investor confidence, bolstered by positive expectations surrounding trade relations, particularly with China and other major economies. All eyes are on President Xi Jinping’s diplomatic visitContinue Reading
