About: davin
Recent Posts by davin
With oil rising, inflation worries return as Dow, S&P 500 and Nasdaq futures fall in Europe
Dow futures drop as oil tops $113 on Iran conflict; Hormuz closed, output cuts fuel inflation fears.
Oil-fuelled inflation worries limit rate-cut expectations, supporting the dollar as gold stays weak below $5,100
Gold steadies near $5,100 as Iran conflict, Hormuz fears and risk-off mood boost haven demand.
Singapore’s foreign reserves slipped month-on-month, falling to 416.1B in February from 417B previously
Singapore’s foreign reserves slipped to $416.1 billion in February, down $0.9 billion from January’s $417.0 billion.
UOB’s researchers report February’s US job market weakened: non-farm payrolls fell 92,000, participation declined sharply
US February payrolls dropped 92,000, unemployment hit 4.4%, participation dipped, private losses led, wages rose.
The US Dollar Index maintained bullish momentum, gapping higher above the 200-day EMA near 99.70
DXY jumps near 99.70 amid Middle East risks, oil-driven inflation fears, and bullish technicals above 200-day EMA.
