About: lishitong
Recent Posts by lishitong
Dollar On The Brink, Job Data To Steer The Next Move
Monday, 2 December 2024, 17:00 – ISM Manufacturing PMI (Nov) Last month, the US economic activity in the manufacturing sector contracted once again, marking the seventh consecutive month of decline and the 23rd contraction in the past 24 months. The Manufacturing PMI dropped to 46.5 percent, down from 47.2 percent in September, reaching its lowestContinue Reading
Yen Appreciates on Upbeat Japan CPI
Fundamental Analysis * Japanese Yen Bullish Trend Continues? The Japanese yen continued to strengthen as robust inflation data fueled speculation of a near-term interest rate hike. The Tokyo Consumer Price Index (CPI) for November surged to 2.6%, up from 1.8% in October, while the core CPI (excluding fresh food and energy) climbed to 2.2%, surpassingContinue Reading
Yen Surges on BoJ Hawkish Expectations
Fundamental Analysis * Hawkish Expectations from the BoJ? The Japanese Yen has strengthened to a three-week high against both the U.S. Dollar and Pound Sterling as markets anticipate tighter monetary policy from the Bank of Japan (BoJ). Prime Minister Shigeru Ishiba’s push for significant wage increases during the upcoming “Shuntō” negotiations has heightened inflationary concerns,Continue Reading
CAD Weakens Amid Tariff Concerns and Falling Oil Prices
Fundamental Analysis * Canada Dollar Weakness Amid Economic Concerns: The Canadian Dollar is under pressure due to growing pessimism surrounding Canada’s economic outlook. U.S. President Donald Trump’s recent announcement of potential significant tariffs on Canadian goods has raised concerns about a slowdown in Canada’s economic growth. In addition, the persistent drop in oil prices, aContinue Reading
Hang Seng Index Slides Amid Tariff Concerns
Fundamental Analysis * Tariff Impositions Weigh on Stock Prospects: President-elect Donald Trump’s announcement of potential tariffs on Chinese imports could significantly impact China’s economic progression and Chinese-related stocks. This sentiment has further diminished market risk appetite, triggering a selloff in the Hang Seng Index. Trump’s plan to impose an additional 10% tariff on all ChineseContinue Reading
