About: lishitong

Fundamental Analysis * Crude Conundrum: Crude oil prices continue to experience selling pressure as the U.S. government reported weak fuel demand alongside an unexpected rise in gasoline and distillate fuel inventories. Despite U.S. crude stocks falling more than expected last week with refiners operating at their highest rates in over nine months, gasoline and distillateContinue Reading

Fundamental Analysis * Treasury Surge, Gold Purge: Gold prices fell on Wednesday as rising US Treasury yields increased demand for the Greenback. The yield on the US 10-year Treasury note rose by six basis points to 4.616%, strengthening the dollar and weighing on the commodity. With a sparse economic calendar, traders continue to digest hawkishContinue Reading

Fundamental Analysis * Yen Woes: The Japanese Yen continued to weaken against the dollar following the Bank of Japan’s disappointing inflation data release. In April, Japan’s Weighted Median Inflation Index, a key indicator of the nation’s inflation trend, rose by only 1.1%, down from a 1.3% increase in March. This marks the first time sinceContinue Reading

Fundamental Analysis * Euro Uplift: The Euro has gained ground against the U.S. dollar following recent positive PMI data from the Eurozone and a weakening dollar. In May, the Eurozone’s private sector activity displayed promising growth, driven by robust expansion in the services sector and a less severe contraction in the manufacturing sector. The servicesContinue Reading

Fundamental Overview The Dollar Index dipped as investors took profits ahead of key economic data and events later this week, including the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index. With US markets closed for a holiday, trading in dollar-related products is expected to be subdued. Investors are also eyeing speeches fromContinue Reading