About: 王建军
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Dollar Poise Ahead of FOMC Meeting Minutes

Market Summary The financial market remained relatively quiet in the last session ahead of crucial central bank interest rate decisions, including those from the Fed and BoJ, which are due tomorrow. The dollar index (DXY) managed to break above its near-term resistance level at 104.50, which has been a barrier for the past two weeks,Continue Reading
Written on July 30, 2024 at 5:51 am
Categories: Daily Market Analysis
Oil Price Fell Following China Demand Fears

Fundamental Analysis * Demand Drag: Crude oil prices continued to decline from the previous session due to worries about weakening demand from China, the world’s largest oil consumer. Recent data revealed an 11% drop in China’s total fuel oil imports during the first half of 2024 amid sluggish growth. Additionally, a series of disheartening economicContinue Reading
Written on July 30, 2024 at 2:03 am
Categories: Trade Of The Day
Soft PCE Hinders Dollar’s strength
Market Summary The financial market has reacted to the highly anticipated U.S. inflation gauge preferred by the Federal Reserve, the PCE reading. The PCE came in line with market expectations at 2.5%, suggesting that inflationary pressure in the country is moving toward the targeted 2% rate and heightening the likelihood of a September Fed rateContinue Reading
Written on July 29, 2024 at 6:08 am
Categories: Daily Market Analysis
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