About: lishitong
Recent Posts by lishitong
Yen Buoys By Upbeat CPI Reading
* Upbeat Japan National Core CPI reading at 2% fuels the Yen’s strength. * Signs of buying activity in refineries in the U.S. and China push oil prices higher. *BTC prices surged to the highest level in 2 years, above $ 56,000. Fundamental Overview The momentum behind the rally in U.S. equity markets is showingContinue Reading
Yen Flat, Focus Shift On Japan’s CPI
* The dollar index traded sideways as traders positioned themselves before the U.S. PCE release later this week. * All eyes will be on the Japan National Core CPI reading due tomorrow (27 February) *Oil prices recorded the most significant drop in 3 weeks as the market’s demand outlook remains concerning. Fundamental Overview The resilientContinue Reading
U.S. Stock Market Sentiment Upsurge
* Upbeat Nvidia earnings report stirs up the U.S. stock markets. * Improved U.S. Initial Jobless Claims fail to provide a catalyst for the dollar. *Geopolitical tension continues to influence commodity prices, especially oil prices. Fundamental Overview The U.S. equities market, with a spotlight on the Nasdaq, witnessed a notable ascendancy, reaching unprecedented highs, primarilyContinue Reading
Powell Assures Rate Cut, but Will Next Week’s CPI Report Disrupt the Strategy?
Tuesday, 12 March 2024, 14:30 – U.S CPI (YoY) (Feb) In January, the annual rate of inflation dropped less than expected to 3.1% from 3.4% in December. Numerous economists and Federal Reserve officials have cautioned that the final push to bring inflation back to the bank target of 2% would be a challenge. While FedContinue Reading
FOMC Meeting Minutes Have Little Impact On Dollar
* Upbeat Nvidia earnings reports provide fresh momentum for U.S. Stock markets. * FOMC meeting minutes showed board members stick with the current monetary policy, the dollar standing pat. *Israel-Hamas tension intensified, oil and gold prices gained. Fundamental Overview The Dollar Index displayed limited volatility in the aftermath of the highly anticipated release of theContinue Reading
