Monthly Archives: November 2024
BoJ Signal No Rate Hike Next Week
Written on November 1, 2024 at 6:53 am, by
Market Summary The Japanese Yen is likely to weaken further as BoJ Governor Kazuo Ueda signalled no intention to raise rates in the upcoming central bank meeting, even with the yen trading near a 3-month low. Ueda expressed concern about potential economic impacts tied to the upcoming U.S. presidential election, which could also weigh onContinue Reading
Heighten Geopolitical Tension Hit on Wall Street
Written on November 1, 2024 at 6:51 am, by
Market Summary Wall Street was hit hard by the escalating geopolitical tensions in the Middle East, with Israel and Hezbollah exchanging heavy fire. The Dow Jones led the decline, closing around 400 points lower, marking a nearly 2% drop from its all-time peak. As earnings season progresses, market participants are bracing for volatile price actionContinue Reading
U.S Dollar Jumps on Heightens Treasury Yield
Written on November 1, 2024 at 6:50 am, by
Market Summary The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears. Investors are preparing for theContinue Reading
