About: lishitong

*The Japanese Yen has been traded at its weakest level since 1986 against the dollar. *Eyeing on today’s Initial Jobless Claims to gauge the dollar’s strength. *Gold prices traded to their recent low levels as the dollar strengthened. Market Summary The Japanese Yen plummeted to its weakest level since 1986 at 160.87 against the greenback.Continue Reading

Fundamental Analysis * Energy Ebb: Crude oil prices have dropped due to an unexpected rise in U.S. stockpiles, raising concerns about weak demand from the world’s largest oil consumer. The U.S. Energy Information Administration (EIA) reported a 3.6-million-barrel increase in the country’s crude oil stocks last week, surprising analysts surveyed by Reuters who had expectedContinue Reading

*The dollar strengthened on upbeat economic data and a Hawkish stance from the Fed’s Governors. *Australian dollar surge on high CPI reading fuels an RBA rate hike expectation. Market Summary On the back of the upbeat CB Consumer Confidence reading of 100.4, several Fed governors issued hawkish comments on upcoming monetary policy, which ultimately bolsteredContinue Reading

*The Japanese Yen is on the brink of breaking above 160 mark despite warnings from Japan’s top currency official. *The dollar eased slightly in the last session while traders awaited Thursday’s GDP. *BTC plummeted to below $60000 on heightened bearish momentum. Market Summary The dollar has eased from its bullish trend, which was fueled byContinue Reading

Fundamental Analysis * Buck Backslide: The Canadian Loonie continues to gain strength against the US Dollar, which is experiencing a slight decline due to profit-taking in the absence of significant fundamental drivers. With limited new information for investors to consider, market sentiment is currently aimless as attention turns to forthcoming data for direction. Additionally, theContinue Reading