About: lishitong

* Australia’s annual wage growth hits a 15-year high, boosting the Australian dollar. * Russia met the export cut target in January, providing buoyancy for oil prices. *All eyes are on the FOMC January meeting minutes today to gauge the strength of the U.S. dollar. Fundamental Overview Approaching the Federal Open Market Committee (FOMC) JanuaryContinue Reading

* Oil prices remain at a 3-month high as the Red Sea tension continues to simmer. * The dollar index steady before the FOMC meeting minutes is due on Wednesday. *Wednesday’s Nvidia earnings reports may catalyse the U.S. equity markets to pick a direction. Fundamental Overview China has implemented its most substantial reduction on recordContinue Reading

* The dollar is trading sideways after mixed economic data, awaiting FOMC meeting minutes for a direction. * Gold prices soared on a softening dollar and escalating geopolitical uncertainties. *Oil Markets Navigate Tensions: Surge in Crude Prices Despite Cautious Demand Outlook. Fundamental Overview The US Dollar experiences a notable retreat as profit-taking activities take hold,Continue Reading

Wednesday, 21 Feb, 21:00 – FOMC Meeting Minutes In January, the Federal Reserve declared a steady policy rate of 5.25% – 5.5%, acknowledging the uncertain trajectory toward a rate cut in 2024. While many investors are hopeful for a shift from rate hikes to cuts by the Fed in the upcoming months, the robust inflationContinue Reading

* Retail Sales came short, hammering the dollar. * Gold and Oil prices surge on the soft U.S. dollar. *Today’s PPI is focused on gauging the strength of the dollar. Fundamental Overview The eagerly awaited U.S. Retail Sales figures failed to sustain the positive sentiment generated by the robust Consumer Price Index (CPI) reading disclosedContinue Reading