About: lishitong
Recent Posts by lishitong
Euro Gains On Stronger PMI, Soft Dollar
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
Dollar Dips Ahead of Key Data, Fed Insights
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
Dollar Spikes on Positive CPI, Gold Pressured
* Strong inflation data sparked a sharp rebound in the Dollar Index. * Gold prices, pressured by the strong US Dollar, received some support from rumours of ongoing central bank purchases. * Eye on US PPI data, and ECB’s monetary policy decisions. Fundamental Overview The Dollar Index rallied following the release of robust inflation data,Continue Reading
Anticipates for Today’s U.S. CPI
* The dollar index poised at above 104.00 mark while equity markets ticked higher ahead of CPI. * Both Gold and Oil prices edged lower on easing Middle East tension. * BTC prices dropped to below the $70,000 mark with the prospect of halving event in 10 days. Fundamental Overview Ahead of the pivotal releaseContinue Reading
Gold Surge Ahead Of CPI
* Dollar index poised ahead of Wednesday’s CPI reading. * Gold prices are hovering at all-time high levels while Oil prices are stimulated by tightening supply outlook. * BTC prices are whisker away from its all-time high at $73630. Fundamental Overview Ahead of Wednesday’s critical U.S. Consumer Price Index (CPI) release, U.S. stock markets displayedContinue Reading
