About: lishitong
Recent Posts by lishitong
Oil Prices Decline Amid Sluggish US Demand and Rising Supply
Fundamental Analysis * Energy Ebb: Crude oil prices have dropped due to an unexpected rise in U.S. stockpiles, raising concerns about weak demand from the world’s largest oil consumer. The U.S. Energy Information Administration (EIA) reported a 3.6-million-barrel increase in the country’s crude oil stocks last week, surprising analysts surveyed by Reuters who had expectedContinue Reading
Dollar Strengthen on Upbeat Economic Data
*The dollar strengthened on upbeat economic data and a Hawkish stance from the Fed’s Governors. *Australian dollar surge on high CPI reading fuels an RBA rate hike expectation. Market Summary On the back of the upbeat CB Consumer Confidence reading of 100.4, several Fed governors issued hawkish comments on upcoming monetary policy, which ultimately bolsteredContinue Reading
Gold Edge Higher on Soft Dollar
*The Japanese Yen is on the brink of breaking above 160 mark despite warnings from Japan’s top currency official. *The dollar eased slightly in the last session while traders awaited Thursday’s GDP. *BTC plummeted to below $60000 on heightened bearish momentum. Market Summary The dollar has eased from its bullish trend, which was fueled byContinue Reading
Loonie Gains Following Dollar Retreat, Oil Support
Fundamental Analysis * Buck Backslide: The Canadian Loonie continues to gain strength against the US Dollar, which is experiencing a slight decline due to profit-taking in the absence of significant fundamental drivers. With limited new information for investors to consider, market sentiment is currently aimless as attention turns to forthcoming data for direction. Additionally, theContinue Reading
Japan Warns for Market Intervention to Protect Yen
*USD/JPY is hitting the 160 mark, and the Japanese authorities are concerned about the weak Yen and vow to protect it if necessary. *Last Friday’s upbeat U.S. PMI reading spurred the dollar’s strength. *Gold plunged last Friday due to upbeat U.S. economic indicators and panic selling sentiment. All eyes are on the Japanese Yen asContinue Reading
