About: 王建军
Recent Posts by 王建军
Powell’s Dovish Tone Hammers Dollar
Market Summary Federal Reserve Chair Jerome Powell indicated that recent U.S. economic data suggest inflation is returning to a downward trajectory. However, he emphasised the need for more evidence before the Fed considers shifting its current monetary policy. Consequently, the dollar eased from its recent highs, while U.S. equity markets, buoyed by the dovish tone,Continue Reading
Oil Price Gains On US Inventory Drawdown
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
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
