About: lishitong
Recent Posts by lishitong
Yen Flat, Focus Shift On Japan’s CPI
* The dollar index traded sideways as traders positioned themselves before the U.S. PCE release later this week. * All eyes will be on the Japan National Core CPI reading due tomorrow (27 February) *Oil prices recorded the most significant drop in 3 weeks as the market’s demand outlook remains concerning. Fundamental Overview The resilientContinue Reading
U.S. Stock Market Sentiment Upsurge
* Upbeat Nvidia earnings report stirs up the U.S. stock markets. * Improved U.S. Initial Jobless Claims fail to provide a catalyst for the dollar. *Geopolitical tension continues to influence commodity prices, especially oil prices. Fundamental Overview The U.S. equities market, with a spotlight on the Nasdaq, witnessed a notable ascendancy, reaching unprecedented highs, primarilyContinue Reading
Powell Assures Rate Cut, but Will Next Week’s CPI Report Disrupt the Strategy?
Tuesday, 12 March 2024, 14:30 – U.S CPI (YoY) (Feb) In January, the annual rate of inflation dropped less than expected to 3.1% from 3.4% in December. Numerous economists and Federal Reserve officials have cautioned that the final push to bring inflation back to the bank target of 2% would be a challenge. While FedContinue Reading
FOMC Meeting Minutes Have Little Impact On Dollar
* Upbeat Nvidia earnings reports provide fresh momentum for U.S. Stock markets. * FOMC meeting minutes showed board members stick with the current monetary policy, the dollar standing pat. *Israel-Hamas tension intensified, oil and gold prices gained. Fundamental Overview The Dollar Index displayed limited volatility in the aftermath of the highly anticipated release of theContinue Reading
Dollar Eases As FOMC Meeting Minutes Loom
* 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
