About: jonywang
Recent Posts by jonywang
Dollar Holds Steady, All Eyes On US GDP Release
Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Robust US equity markets, fueled by strong corporate results, counter rising Treasury yields. Gold faces downward pressure due toContinue Reading
All Eye On U.S. PCE Data
The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. Optimistic earnings outlooks from Nvidia suggest that the industry is outperformingContinue Reading
U.S. PCE Pressures Dollar To Trade Lower
The PCE reading, revealed last Friday, contributed to a decline in the strength of the dollar. The Federal Reserve’s preferred inflation gauge, the PCE reading, revealed last Friday, contributed to a decline in the strength of the dollar. The inflation data, aligning with market expectations at 2.6%, suggests that pricing pressures in the U.S. areContinue Reading
