About: lishitong

Fundamental Analysis * Data Dive: The Canadian Dollar has strengthened against the US Dollar following a notable decline in the greenback prompted by disappointing economic data from the United States. The ADP Employment report revealed a slowdown in private sector job growth for June, with employers adding 150,000 jobs, missing the expected 160,000 and fallingContinue Reading

*Jerome Powell Dovish Statement softens dollar to below $106 mark. *The market is awaiting today’s U.S. job data to gauge the dollar’s strength. *BTC slid by 2% in the last session despite the market’s risk appetite improvement.  Market Summary Federal Reserve Chair Jerome Powell indicated that recent U.S. economic data suggest inflation is returning toContinue Reading

Fundamental Analysis * Supply Squeeze: Oil prices rose during Asian trading on Wednesday, nearing two-month highs. This increase was driven by industry data showing a significant drawdown in U.S. inventories over the past week, boosting demand optimism. The American Petroleum Institute reported a decrease of nearly 9.2 million barrels in U.S. inventories for the weekContinue Reading

*The Dollar Strengthened as the Market perceives persistent inflation in the country if Donald Trump is elected as the next president. *RBA’s dovish monetary policy meeting minutes hammered the Aussie dollar’s strength. *Oil prices traded to their 2-month high as the demand outlook improved. Market Summary The U.S. dollar regained strength after a technical retracementContinue Reading

Fundamental Analysis * BoJ Fog: The Japanese Yen has continued its decline against the dollar amid ongoing uncertainty regarding the Bank of Japan’s policy direction. Recent BoJ policy minutes indicate that officials support further tightening measures due to the weak Yen driving inflationary pressures. While this depreciation has boosted the competitiveness of Japanese exports, itContinue Reading