About: lishitong
Recent Posts by lishitong
Oil Prices Climb On U.S Inventory Decline
Fundamental Analysis * Supply Squeeze: Oil prices rose during Asian trading on Wednesday, nearing two-month highs. This increase was driven by industry data showing a significant drawdown in U.S. inventories over the past week, boosting demand optimism. The American Petroleum Institute reported a decrease of nearly 9.2 million barrels in U.S. inventories for the weekContinue Reading
Yen Continues to Slides on Soft Economy Performance
*The Dollar Strengthened as the Market perceives persistent inflation in the country if Donald Trump is elected as the next president. *RBA’s dovish monetary policy meeting minutes hammered the Aussie dollar’s strength. *Oil prices traded to their 2-month high as the demand outlook improved. Market Summary The U.S. dollar regained strength after a technical retracementContinue Reading
Yen Declines Amidst BoJ Policy Ambiguity
Fundamental Analysis * BoJ Fog: The Japanese Yen has continued its decline against the dollar amid ongoing uncertainty regarding the Bank of Japan’s policy direction. Recent BoJ policy minutes indicate that officials support further tightening measures due to the weak Yen driving inflationary pressures. While this depreciation has boosted the competitiveness of Japanese exports, itContinue Reading
Euro Surges Following Legislative Election
*The dollar’s strength was tempered by the PCE reading that suggests the inflation in the U.S. is mitigating. *The euro jumped significantly after the political uncertainty in France was resolved. *BTC rebounded strongly from its bearish trend. Market Summary The dollar’s recent strength was tempered by last Friday’s Personal Consumption Expenditures (PCE) reading, which alignedContinue Reading
EUR/USD Soars As Expectations For Fed Rate Cuts Increase
Fundamental Analysis * Dovish Delight: The Euro has continued its upward trend against the US Dollar for the third consecutive day. This momentum is driven by growing speculation that the US Federal Reserve may cut interest rates in 2024, which would weaken the US Dollar and support the EUR/USD pair. On Friday, the US BureauContinue Reading
