The market is in a wait-and-see mode ahead of the central bank meeting With the U.S. dollar slightly appreciating yesterday and gold showing a weaker trend

23 Jan, 2024

The market is in a wait-and-see mode ahead of the central bank meeting With the U.S. dollar slightly appreciating yesterday and gold showing a weaker trend

On Monday, the U.S. Dollar Index fluctuated within a range above the 103 mark, eventually closing up 0.09% at 103.32. The yield on the 10-year U.S. Treasury note fell back, at one point dropping below the 4.1% mark, before finally closing at 4.107%. The yield on the 2-year U.S. Treasury note, more sensitive to Federal Reserve policy rates, closed at 4.393%.

On Monday (January 22nd), U.S. stock markets edged up slightly but still closed at new highs. Traders weighed strong economic signals and corporate profit outlooks, while warning that the market may be running too far, too fast.

International oil prices rose over 1%, possibly due to disruptions in Russian and U.S. oil supplies. WTI crude surged during the U.S. trading session, briefly reclaiming the level above $75, but later relinquished some of its gains, eventually closing up 1.61% at $74.57 per barrel. Brent crude also surpassed the $80 mark at one point but failed to maintain above this level, ultimately closing up 1.54% at $79.86 per barrel.

x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.