About: 王建军

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USDCHF Extend Losses Amid Weak US Retail Sales

Fundamental Analysis * Retail Slump: The Swiss Franc continues to strengthen against the dollar following the release of weak U.S. retail sales data on Tuesday. U.S. retail sales rose less than expected in May, increasing by only 0.1% after a downwardly revised 0.2% drop in April, falling short of the 0.3% forecast. The report attributedContinue Reading

Written on June 19, 2024 at 2:14 am

Categories: Trade Of The Day

Yen Strengthen In Hawkish BoJ Statement

Market Summary The U.S. dollar is hovering near its recent high levels amid global navigation through Eurozone political uncertainty and the divergence in central bank monetary policies. Besides the U.S. dollar, market attention is focused on the Australian dollar today as the Reserve Bank of Australia (RBA) is set to announce its interest rate decision,Continue Reading

Written on June 18, 2024 at 6:09 am

Categories: Daily Market Analysis

Canadian Dollar Gains On Positive House Data

Fundamental Analysis * Housing Boost: The Canadian Dollar (CAD) is trading steadily but has seen modest gains against the US dollar following the release of unexpectedly strong housing data from Canada. Housing starts surged to a seven-month high of 264.5k on an annualized basis, exceeding the forecast of 247k. This increase was bolstered by intensifiedContinue Reading

Written on June 18, 2024 at 2:20 am

Categories: Trade Of The Day

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