Monthly Archives: November 2024
41654156156Dow Jones Reach New High on
Written on November 15, 2024 at 2:26 am, by sallychang
Market Summary The U.S. dollar extended its rally, reaching a four-month high after Trump’s presidential election victory. However, a pivotal test awaits on Wednesday with the release of U.S. CPI data, which could significantly impact the dollar’s trajectory. Wall Street remained robust, with the Dow Jones hitting an all-time high of 44,484 in yesterday’s session.Continue Reading
Gold Falls As Strong US Dollar, Trump’s
Written on November 15, 2024 at 2:23 am, by sallychang
Fundamental Analysis * Dollar Pressure: Gold prices suffered their worst weekly performance in five months, dropping sharply as speculation around a second term for Donald Trump raised concerns about a renewed escalation in trade tensions, supporting the U.S. Dollar. In overnight news, Bloomberg reported that BlackRock and JPMorgan warned the sell-off in U.S. bonds isContinue Reading
USD/JPY Extend Upside Following
Written on November 15, 2024 at 2:22 am, by sallychang
Fundamental Analysis * Inflation Grip: The Japanese Yen continues to weaken against the strengthening U.S. Dollar, following the release of U.S. CPI inflation data. The Consumer Price Index (CPI) report did not offer the inflation slowdown that markets had hoped for, but it did align with expectations. Monthly headline CPI remained steady at 0.2% asContinue Reading
