About: lishitong
Recent Posts by lishitong
Fed’s Dovish Surprise: Will PCE Amplify Further Next Week?
Tuesday, 26 March 2024, 14:30 – U.S Durable Goods Orders (MoM) (Feb) In January, the U.S durable goods orders have fell 6.1% vs -4.5% expected, marking the largest decrease in nearly four years, while business investment in equipment appeared to have eased, indicating a decrease in economic momentum at the beginning of the year. Nevertheless,Continue Reading
Upbeat Economic Data Spurs Dollar
* Robust U.S. job data and PMI readings bolster the dollar to rebound. * Dovish Expectations on BoE exerted pressure on the Pound Sterling. * Gold prices eased by more than 1% amid the dollar strengthening. Fundamental Overview Yesterday saw a notable rally in the dollar index (DXY), reversing the losses from the previous sessionContinue Reading
Dovish Fed Statement Hammers Dollar
* Jerome Powell promised Fed rate cuts would remain on track; a dovish stance exerted pressure on the dollar. * Gold prices, along with Dow Jones and S&P 500, all traded to all-time highs. * The Japanese Yen strengthened for the first time in 8 days after the BoJ first rate hike since 2007. FundamentalContinue Reading
Japanese Yen Weaken By BoJ Dovish Rate Hike
* The Japanese Yen plunged after the BoJ announced its first rate hike since 2007. * All eyes will be on the FOMC interest rate decision due today. * The Reserve Bank of Australia’s dovish tone after announcing its interest rate decision hammers the Australian dollar lower. Fundamental Overview The Bank of Japan (BoJ) madeContinue Reading
Yen Strengthen Ahead Of BoJ Interest Rate Decision
* The Euro’s CPI that is due today may be a catalyst for the euro. * All eyes will be on the BoJ interest rate decision, expecting a first-ever rate hike from BoJ in decades. * Gold prices continue to slide after trading to its all-time high. Fundamental Overview The financial markets are entering aContinue Reading
