About: lishitong
Recent Posts by lishitong
Dollar Hammers By Downbeat PMI Readings
* Poor ISM PMI readings put pressure on dollar strength. * Traders’ eyes on Tokyo Core CPI due tomorrow to gauge the Yen’s strength. * OPEC+ will extend oil supply cuts to the second quarter of 2024 to avert a global surplus. Fundamental Overview The recent release of ISM PMI readings, which fell short ofContinue Reading
Dollar Fuels by U.S. PCE Reading
* U.S. PCE reading meets market expectations; hope for a June rate cut is fading. *Gold prices trade to their one-month high on the last day of February. *Upbeat Chinese PMI readings boost oil prices and Chinese proxy currencies, such as the Australian dollar. Fundamental Overview The highly anticipated U.S. Personal Consumption Expenditures (PCE) reading,Continue Reading
Will U.S Jobs Data Make or Break Dollar Next Week?
Wednesday, 6 March, 15:15 – ADP Nonfarm Employment Change (Feb) In January, private payroll growth decelerated to 107,000, falling short of expectations and reflecting a decrease from the downwardly revised figure of 158,000 in December. While this data implies a prudent commencement in the private sector labor market, it is noteworthy that overall economic growthContinue Reading
Dollar Hammers By Lower GDP
* U.S. GDP came short, putting pressure on the dollar’s Strength. *The market is waiting for today’s PCE reading to gauge the dollar’s strength. *BTC is on the way to reach its all-time high. Fundamental Overview The Dollar Index experienced significant fluctuations, oscillating within a 0.3% range in the latest session amid diverse economic indicatorsContinue Reading
Dollar Stay Pat Ahead Of U.S.GDP
* Gold prices and the Dollar index traded in a tight range ahead of the U.S. GDP. * The Reserve Bank of New Zealand maintains an interest rate level of 5.50%, which weighs on the Kiwi. * BTC prices maintain a 2-year high level, awaiting a fresh catalyst to break its hurdle. Fundamental Overview TheContinue Reading
