Monthly Archives: February 2024
Oil Prices Surge On Geopolitical Uncertainty
Written on February 20, 2024 at 2:06 am, by jonywang
Oil prices surged by over 3% yesterday, driven by escalating tensions in the Middle East Oil prices surged by over 3% yesterday, driven by escalating tensions in the Middle East. Ceasefire talks took a gloomy turn as Israeli Prime Minister Benjamin Netanyahu rejected the Gaza deal, deeming it “delusional.” This geopolitical uncertainty in the MiddleContinue Reading
Dollar Flat: Investors Await Key Inflation Report
Written on February 20, 2024 at 2:05 am, by jonywang
Dollar in consolidation mode ahead of key economic data, investors are advised to continue eyeing on US CPI. The US Dollar adopts a consolidated stance in anticipation of key economic data, particularly US inflation and retail sales figures. Investors are closely monitoring the Consumer Price Index (CPI) for January, expecting a year-on-year increase of 2.90%,Continue Reading
Robust CPI Report Sparks Surge In Dollar Demand
Written on February 20, 2024 at 2:05 am, by jonywang
January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. The Dollar Index hits a three-month high, driven by robust economic indicators, including strong job reports, GDP figures and US inflation. January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. Market expectations for Federal Reserve policyContinue Reading
