About: lishitong
Recent Posts by lishitong
Loonie Gains Following Dollar Retreat, Oil Support
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
Japan Warns for Market Intervention to Protect Yen
*USD/JPY is hitting the 160 mark, and the Japanese authorities are concerned about the weak Yen and vow to protect it if necessary. *Last Friday’s upbeat U.S. PMI reading spurred the dollar’s strength. *Gold plunged last Friday due to upbeat U.S. economic indicators and panic selling sentiment. All eyes are on the Japanese Yen asContinue Reading
Oil Price Ease On Strong Dollar, Mixed Global Economic News
Fundamental Analysis * Solid Green: Crude prices dropped by about 1% on Friday due to concerns that global oil demand growth might be affected by a strong U.S. dollar and negative economic news from various regions. The U.S. dollar reached a seven-week high against a basket of other currencies, with the Federal Reserve’s cautious approachContinue Reading
Market Remains Hopeful On Rate Cut? All Eyes On PCE!
Tuesday, 25 June 2024, 16:00 – US CB Consumer Confidence (Jun) According to the U.S. Conference Board, consumer sentiment in the U.S. improved in May, with the CB Consumer Confidence Index rising to 102 from 97.5 in April. While the survey indicated a slight decline in consumers’ views of current business conditions, overall sentiment wasContinue Reading
Japanese Yen Hammers by Soft CPI
*The BoE Governor’s dovish tone hindered Pound Sterling’s strength. *The Japanese Yen continues to struggle after the National Core CPI failed to meet market expectations. *Gold prices edge higher over geopolitical uncertainty and monetary policy uncertainty. Fundamental Overview The spotlight was on the Pound Sterling following the Bank of England’s (BoE) interest rate decision announcedContinue Reading
