About: 王建军
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Gold Surge Amid Weak U.S Jobs Data, Fed Rate Cut Speculation

Fundamental Analysis * Cooling Labor: The price of gold resumed its upward movement and climbs more than 1% following weak US jobless claims data and falling US Treasury yields, dampening demand for the US dollar. The US Department of Labor revealed that Initial Jobless Claims for the week ending May 4 climbed to 231,000, surpassingContinue Reading
Written on May 10, 2024 at 2:34 am
Categories: Market Insights, Trade Of The Day
All Eye on BoE’s Monetary Decision Today

Market Summary In the last session, the financial markets experienced relative calm, with the dollar index (DXY) maintaining stability around the 105.50 level, while U.S. equity markets remained near recent highs. Notable movements were observed in the bond markets, where the 10-year benchmark yields for Australia, New Zealand, and Japan saw increases, potentially bolstering theirContinue Reading
Written on May 9, 2024 at 5:33 am
Categories: Daily Market Analysis
Crude Oil Gains Following US Crude Inventories Fell

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
Written on May 9, 2024 at 2:25 am
Categories: Market Insights, Trade Of The Day
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