Monthly Archives: June 2023
Dollar Gains As Federal Reserve Unleashes Hawkish Tone
Written on June 29, 2023 at 5:19 am, by lishitong
Fed’s hawkish tone continues to spark rate hike expectations, US Dollar extend its bullish momentum. The global financial landscape is being marked by shifting monetary policies and concerns over inflationary pressures. Federal Reserve Chairman Jerome Powell’s hawkish tone has injected confidence in the US dollar, as market expectations for a rate hike in July haveContinue Reading
Equity Markets Positive After Russia Mutiny Resolved
Written on June 28, 2023 at 5:59 am, by lishitong
Geopolitical tensions eased following Prigozhin’s troops retreat from Moscow as both parties had reached consensus on certain deals. Political instability in Russia has abated as Prigozhin’s troops retreat from Moscow, leading to a positive response in equity markets, particularly the Nasdaq, which rose over 1%. Oil and gold prices declined as the situation in RussiaContinue Reading
Stock Markets Slide As Russian Instability Continues
Written on June 27, 2023 at 5:59 am, by lishitong
The geopolitical uncertainty saw gold rise slightly, while lending support to a crude oil market plagued by demand concerns Stock markets were rattled as the events over the weekend in Russia heightened geopolitical uncertainty. In a late-night televised speech, the Russian president condemned the leaders of the Wagner mercenaries as traitors, further exacerbating the instabilityContinue Reading
