About: lishitong
Recent Posts by lishitong
Inflation Watch: CPI Data Unveiled Across Countries
Tuesday, 16 July 2024, 08:30 – Canada CPI (MoM) (Jun) In May, Canada’s Consumer Price Index rose by 0.6%, surpassing both market forecasts of 0.6% and the previous figure of 0.5%. Statistics Canada attributes this increase primarily to higher food prices, especially for wheat-based products, which exerted notable inflationary pressures. Additionally, elevated energy expenses, particularlyContinue Reading
Dollar Plummet On Soft CPI
* The dollar dipped as the CPI came softer than the market expectation and fuels hope for a September rate cut. *Gold trades with strong bullish momentum and is heading to its all-time high territory. *Possible Japanese Authority intervention led to the Yen strengthening against the U.S. dollar by nearly 2% in the last session.Continue Reading
Oil Climbs On Strong Summer Demand, US Inflation Eases
Fundamental Analysis * Fuel Boom: Crude oil prices have risen due to signs of strong summer demand and lower inflationary pressures in the United States, the world’s largest oil market, boosting investor confidence. U.S. government data showed gasoline demand hit 9.4 million barrels per day (bpd) in the week ending July 5, the highest forContinue Reading
Dollar Soften After Jerome Dovish Testimony
* Dollar’s strength is dragged by the dovish narrative of Powell’s 2-days testimony. *Wall Street rallied as the risk-on sentiment heightened in the market. *Eyeing on today’s U.S. CPI reading to gauge the dollar’s direction. Market Summary Jerome Powell’s two-day testimony before the Senate concluded yesterday, with a dovish tone that bolstered the market’s risk-onContinue Reading
Euro Strengthens Amid Renewed Rate Cut Speculations
Fundamental Analysis * Dovish Outlook: The EUR/USD climbed as the US Dollar faced widespread selling, driven by improved market sentiment. The surge followed Federal Reserve Chair Jerome Powell’s dovish statements during his congressional testimony, where he highlighted concerns that prolonged high interest rates could impede economic growth. Powell also acknowledged some easing in inflation andContinue Reading
