About: 王建军
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Gold Edge Higher On Soft Dollar

Market Summary The dollar has eased from its bullish trend, which was fueled by upbeat PMI readings last Friday. Apart from Friday’s PCE reading, traders are also keeping an eye on Wednesday’s U.S. 5-year note auction to gauge market sentiment toward the Fed’s upcoming monetary policy and its implications for the dollar’s strength. On WallContinue Reading
Written on June 25, 2024 at 5:28 am
Categories: Daily Market Analysis
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
Written on June 25, 2024 at 2:23 am
Categories: Trade Of The Day
Japan Warns For Market Intervention To Protect Yen

Market Summary All eyes are on the Japanese Yen as it continues its downward slide against its peers, notably experiencing a 3% decline against the dollar in June. As the USD/JPY pair approaches the critical 160 mark, Japan’s top currency official has heightened concerns by stating that Japanese authorities are prepared to intervene in theContinue Reading
Written on June 24, 2024 at 6:02 am
Categories: Daily Market Analysis
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