About: anakin
Recent Posts by anakin
Market awaits US PPI data

U.S. equities bounced back as the Initial Jobless Claims showed higher than the previous number, which is a sign that the inflationary pressures are still around, and the Fed may keep rates higher. On Friday, the data releases include producer prices and the University of Michigan’s consumer sentiment reading will be the turning point forContinue Reading
Written on December 9, 2022 at 1:17 am
Categories: Today's Analysis
Gold moves higher as US stocks falling

U.S. equities kept falling as Gold seemed as a hedge currency, S&P 500 is starting to turn more decisively lower and the gold price raised 0.86%. The Dow Jones Industrial Average has little raise to close at 33597.92. The S&P 500 dropped 0.19% to close at 3933.92. The tech-heavy Nasdaq Composite dropped 0.51% to closeContinue Reading
Written on December 8, 2022 at 1:15 am
Categories: Today's Analysis
USD still on market hawkish pressure

U.S. equities hit their peak and kept falling after the speech of Fed Chair Powell on 12/1. There was a rebound on 12/2 because of the release of nonfarm payrolls, but the pressure from hawkishness is on the cards. The Dow Jones Industrial Average dropped 1.03% to close at 33596.34. The S&P 500 dropped 1.44%Continue Reading
Written on December 7, 2022 at 1:33 am
Categories: Today's Analysis
US services indicator unexpectedly climbed, Fed may keep tighten policy to manage high inflation

The equities market kicked off the week with losses and bond yields climbed as a US services gauge unexpectedly rose, fueling speculation the Federal Reserve will keep its policy tight to tame stubborn inflation. In the meantime, treasuries slumped across the curve, driving 10-year yields to 3.6%. Swaps showed higher expectations on where the FedContinue Reading
Written on December 6, 2022 at 1:18 am
Categories: Today's Analysis
Week ahead: Will RBA and BoC further raise interest rates?

The Reserve Bank of Australia and the Bank of Canada are expected to further raise interest rates this month. Investors are watching for signs that suggest policymakers will follow through with another hike. Here are some of the market events to watch this week: US ISM Services PMI (5 December) The ISM Services PMI indexContinue Reading
Written on December 5, 2022 at 6:07 am
Categories: Today's Analysis
Recent Comments by anakin
No comments by anakin yet.