About: lishitong
Recent Posts by lishitong
Crude Oil Prices Rise as Ukraine Conflict Intensifies
Fundamental Analysis * Surging Conflict: Crude oil prices, traded in dollars, surged to a two-week high as the escalating war in Ukraine heightened the market’s geopolitical risk premium. The conflict intensified after Britain and the U.S. authorized Kyiv to carry out deeper strikes into Russian territory using their missiles. In response, President Vladimir Putin announcedContinue Reading
Dollar Stable Despite Quiet Week, PCE May Boost It Further
Tuesday, 26 November 2024, 17:00 – US CB Consumer Confidence The latest U.S. CB Consumer Confidence Index for showed a strong improvement to 108.7, surpassing both the forecast of 99.5 and the previous month’s 99.2. This rebound indicates heightened optimism among U.S. consumers about current and future economic conditions. Key drivers included robust job marketContinue Reading
Canadian Dollar Falters Amid Strength in the U.S. Dollar
Fundamental Analysis * Dollar Dominance: The Canadian Dollar struggles to hold its ground as the U.S. Dollar gains strength, fueled by growing doubts about the Federal Reserve’s timeline for rate cuts. Speculation is increasing that the Fed may opt for a more cautious approach to easing rates. On Thursday, Chicago Fed President Austan Goolsbee indicatedContinue Reading
Gold Rises Amid Escalating Russia-Ukraine Tensions
Fundamental Analysis * Safe-Haven Bid: Gold prices have surged against the dollar, driven by increased safe-haven demand amid escalating tensions between Russia and Ukraine. Recently, Moscow lowered its threshold for nuclear retaliation in response to Ukrainian attacks. This decision came after reports that the U.S. had approved the use of long-range missiles by Ukraine againstContinue Reading
USD/JPY Gains Amid Doubts Over BoJ Rate Moves
Fundamental Analysis * BoJ Uncertainty: The Japanese Yen (JPY) gave up a significant portion of its earlier gains and weakened against the US Dollar due to uncertainty surrounding the timing of the Bank of Japan’s (BoJ) next rate hike. BoJ Governor Kazuo Ueda recently stated that the economy is moving towards sustained inflation driven byContinue Reading
