Monthly Archives: January 2023
Will Chinese Demand Overshadow Supply Concerns for Crude?
Written on January 26, 2023 at 3:41 am, by jonywang
A lower-than-expected build in crude oil inventories has seen the commodity trade flat as demand concerns hit the markets. On Wednesday evening, the EIA Crude Oil Inventories was released, showing a build of 522,000 barrels, putting the total inventory at 448.5 million. This is much lower than the forecasted increase of 971,000 barrels and theContinue Reading
Bank of Japan (BoJ) maintains a dovish stance, Dollar dips on pessimistic economic outlook
Written on January 19, 2023 at 7:38 am, by jonywang
On Wednesday, the Bank of Japan left its ultra-easing policy unchanged, sparking heavy speculation that it could be prompting the monetary policy divergence between the Bank of Japan (BoJ) and the Federal Reserve while defying market expectations it would phase out its massive stimulus program. In the face of uncertainties worldwide, the Bank of JapanContinue Reading
North Korea in a Year of Unprecedented Aggression
Written on January 2, 2023 at 5:15 am, by jonywang
North Korea in a Year of Unprecedented Aggression North Korea has launched a record number of missile tests in 2022, far outnumbering previous recorded years at a total of 90 missiles fired – compared to 2021’s 8 missiles. Meanwhile, North Korean leader Kim Jung Un has ordered an ‘exponential’ increase in the size of theContinue Reading
