About: lishitong
Recent Posts by lishitong
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
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
