About: 王建军
Recent Posts by 王建军
USD/CAD Plunged Amid Weak US Data.
Fundamental Analysis * Data Dive: The Canadian Dollar has strengthened against the greenback following a significant sell-off in the dollar due to disappointing U.S. economic data. The ADP Employment report revealed that private sector job growth unexpectedly slowed in June, with employers adding 150K jobs, missing the forecast of 160K and falling short of theContinue Reading
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
