About: lishitong
Recent Posts by lishitong
Market Welcomes Easter, Will Data Egg-cites Next Week?
Monday, 1st April 2024, 16:00 – ISM Manufacturing PMI (Mar) In February, economic activity within the U.S. manufacturing sector continued its contraction for the 16th consecutive month in February with the data stood 47.8 against 49.1 recorded in January, according to the Institute for Supply Management (ISM). The contraction was due to slowing demand andContinue Reading
U.S. Equity Market Trades Strongly on Yesterday
* Dollar and Gold price poise ahead of crucial U.S. GDP reading. * U.S. Equity market spurs up at the end of the quarter. * Oil prices are stimulated by OPEC+ supply cut extension and heightened geopolitical uncertainties. Fundamental Overview The dollar index (DXY) advanced marginally today, buoyed by anticipation surrounding the upcoming release ofContinue Reading
Upbeat Economic Data Boosts Dollar
* The dollar index (DXY) surged on the latest upbeat U.S. economic data. * Japanese Yen once again comes to the 2022 Japanese authority intervention level. * Cocoa futures contract skyrocketing, surpassing the $10,000 mark. Fundamental Overview The dollar index (DXY) advanced yesterday on the back of encouraging economic indicators, bolstering confidence in the resilienceContinue Reading
Market Stands Pat Ahead Of PCE
* U.S. inflation gauge saw bolstering Dollar’s strength, and all eyes are on Friday’s U.S. PCE. * Japanese Yen strengthened on potential Japanese authority intervention as Yen traded to its weakest level. * Gold prices rebounded amid geopolitical uncertainties in Europe and the Middle East. Fundamental Overview The market’s calm demeanour in the recent sessionContinue Reading
Dollar Strengthens On Sticky Inflation
* U.S. inflation gauge saw bolstering Dollar’s strength, and all eyes are on Friday’s U.S. PCE. * Japanese Yen strengthened on potential Japanese authority intervention as Yen traded to its weakest level. * Gold prices rebounded amid geopolitical uncertainties in Europe and the Middle East. Fundamental Overview As the week begins, market participants are eagerlyContinue Reading
