Monthly Archives: July 2024
41654156156Oil Price Gains On US Inventory Drawdown
Written on July 3, 2024 at 2:37 am, by 王建军
Fundamental Analysis * Supply Squeeze: Oil prices climbed in Asian trading on Wednesday, remaining close to two-month highs. This rise followed industry data indicating a significant drawdown in U.S. inventories over the past week, which bolstered demand optimism. According to the American Petroleum Institute, U.S. inventories decreased by nearly 9.2 million barrels in the weekContinue Reading
Yen Continues to Slides on Soft Economy Performance
Written on July 2, 2024 at 5:20 am, by 王建军
Market Summary The U.S. dollar regained strength after a technical retracement earlier in the session. The recent presidential debate over the weekend had a spillover effect on the financial market, with sentiment shifting in favour of Donald Trump’s re-election prospects. This political development, combined with Wall Street strategists advising clients to brace for persistent inflationContinue Reading
Yen Weakens Further On BoJ Policy Uncertainty
Written on July 2, 2024 at 2:15 am, by 王建军
Fundamental Analysis * BoJ Fog: The Japanese Yen has continued to plunge against the dollar following ongoing uncertainty over the Bank of Japan’s policy outlook. Recent BoJ policy minutes revealed that officials are in favor of further policy tightening, as the weak Yen is contributing to rising inflationary pressures. This depreciation has made Japanese exportsContinue Reading
