About: lishitong
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Canadian Dollar Gains On Positive House Data
Fundamental Analysis * Housing Boost: The Canadian Dollar (CAD) is trading steadily but has seen modest gains against the US dollar following the release of unexpectedly strong housing data from Canada. Housing starts surged to a seven-month high of 264.5k on an annualized basis, exceeding the forecast of 247k. This increase was bolstered by intensifiedContinue Reading
Dollar Strengthens Amid Hawkish Fed Remarks
Fundamental Overview The Dollar Index experienced a slight rebound as investors processed hawkish comments from Federal Reserve officials, particularly Minneapolis Fed President Neel Kashkari’s suggestion to delay rate cuts until December. This shift in sentiment strengthened the dollar, influencing various markets. Crude oil prices retraced from two-week highs as investors took profits amidst market uncertainties.Continue Reading
Rate Roulette: Various Central Banks Gear Up for Decisions
Tuesday, 18 June 2024, 06:30 – RBA Interest Rate Decision (Jun) In May, Australia’s central bank, the RBA, maintained its interest rate at 4.35%, as widely expected for the fourth meeting in a row. The bank cautioned that inflation risks were tilted towards rising, indicating that there were no imminent plans for policy adjustments inContinue Reading
Oil Price Gains Following Positive Demand Outlook
Fundamental Analysis * Crude Boom: Crude oil prices have edged higher against the US dollar, bolstered by signs of a robust demand outlook for crude and fuel this year. The Organization of Petroleum Exporting Countries (OPEC) maintained its forecast for strong global oil demand growth in 2024, while Goldman Sachs projected solid U.S. fuel demandContinue Reading
USD/JPY Zigzag Amid Mixed Signal
Fundamental Analysis * Fed Hawk: The USD/JPY initially dropped from its peak but later recovered somewhat as the market continued to digest soft U.S inflation data alongside the Fed hawkish stance. The latest US Consumer Price Index (CPI) unchanged in May, the first time since last June, and decreased to 3.3% annually from April’s 3.4%.Continue Reading
