Jerry Lin

Jerry Lin

The Latest

  • China's Fiscal Revenue Falls Amid Economic Challenges and Weak Demand
    CHINESE YUAN
    China's fiscal revenue saw a 2.8% decline in the first five months of 2024 compared to the previous year, marking an acceleration from the 2.7% drop recorded in the January-April period, according to official data released on Monday. This decline reflects ongoing challenges in China's economic recovery, driven by weak domestic demand.
  • Citigroup and Bank of America Predict Gold Prices Could Reach $3,000 Within a Year
    Gold Price
    Gold prices have shown strong performance this year, increasing nearly 13% year-to-date and currently trading at $2,326.94 per ounce.
  • Bitcoin’s Decline Continues Amid Inflation Concerns and Market Outflows
    GROWING
    Bitcoin began the week on a downward trajectory, continuing its descent to $60,000. The leading cryptocurrency fell over 4%, reaching $61,211, according to Coin Metrics. Earlier, it touched $60,666.30, its lowest level in over a month, and has seen an 8% drop over the past week.
  • Oil Prices Edge Higher Amid Market Swings and Rising Demand Expectations
    OIL
    Oil prices edged higher on Monday, driven by expectations of increased summer demand and ongoing geopolitical tensions, despite the counteracting pressure from a strengthening U.S. dollar. Brent crude futures climbed 22 cents, or 0.3%, to $85.46 a barrel by 10:53 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 19 cents, or 0.2%, to $80.92 a barrel. Both benchmarks recorded approximately 3% gains last week, marking their second consecutive week of increases.
  • Yen Nears 160 Mark, Japan Signals 24-Hour Market Intervention if Needed
    Yen
    The yen continued to weaken against the U.S. dollar on Monday (Local time), approaching the critical 160 level, which is seen as a key point for potential intervention by Japanese authorities.
  • South Korea's Stock Market Fails to Upgrade Amid Short-Selling Ban
    South Korea's President Yoon Suk-yeol Reshuffles Cabinet, Aiming to Strengthen Position Ahead of Key Parliamentary Elections
    Despite South Korea's "Hantech" trend gaining traction, global index provider MSCI has once again classified South Korea as an emerging market in its latest market classification review, aligning with market expectations.
  • U.S. Adds Japan to Currency Watchlist Amid Yen Intervention
    YEN-BASED
    The United States Treasury Department has added Japan to its "monitoring list" of major trading partners whose currency practices warrant close scrutiny. This decision, announced on Thursday, comes as part of the Treasury's semi-annual report, which evaluates the foreign exchange activities of countries with significant trade surpluses.
  • Dollar Rises as Pound and Swiss Franc Dip Amid Central Bank Actions
    A man counts U.S. dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut, Lebanon
    The U.S. dollar rose on Thursday, bolstered by a combination of central bank meetings and mixed economic signals, which kept currency traders on high alert. The dollar index, which measures the greenback against a basket of six major currencies, gained 0.2% to reach 105.42, reflecting a volatile period marked by uncertain economic indicators and political instability in Europe.
  • Oil Prices Hover Near $85 Amid Middle East Tensions and Awaited US Inventory Data
    OIL
    Brent crude oil prices remained steady on Thursday, holding just below seven-week highs as the market closely monitors escalating conflict in the Middle East and anticipates the latest U.S. inventory data. By 11:45 GMT, Brent futures for August delivery had risen 28 cents, or 0.3%, to $85.35 a barrel, while U.S. West Texas Intermediate (WTI) futures for July, expiring on Thursday, edged up 13 cents, or 0.2%, to $81.70 a barrel.
  • Record $40 Billion Inflow Expected as Global Funds Target Indian Debt Market
    Illustration photo of an India Rupee note
    According to data from Wednesday, as of June 18, global funds have net purchased 73.5 billion rupees ($8.81 billion) in Indian government bonds this month. This is an increase from the 52 billion rupees bought in May and a significant reversal from the 98.3 billion rupees sold in April.
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