About: lishitong
Recent Posts by lishitong
Trade of the Day: Dow Jones
Fundamental Analysis * Rate Cut Speculation: Rising expectations that the Federal Reserve might consider cutting interest rates have prompted Dow Jones to edge higher. According to the Bureau of Economic Analysis, the US Core PCE Price Index declined from 0.20% to 0.10%, missing market expectations. This weaker inflation data has increased the likelihood of moreContinue Reading
Yen Rises as Ishiba Wins Prime Ministerial Contest
Fundamental Analysis * Ishiba Wave: The Japanese Yen surged against the US Dollar after former Defense Minister Shigeru Ishiba won the Liberal Democratic Party’s (LDP) presidential election, securing his role as Japan’s next prime minister. Traders see Ishiba’s win as a potential boost for future interest rate hikes by the Bank of Japan (BoJ). Previously,Continue Reading
Larger Fed Cut Looms? Key Data Next Week In Sight
Monday, 30 September 2024, 08:00 – UK GDP (QoQ) (Q2) The latest UK GDP data released in August 2024 showed a growth of 0.6% quarter-on-quarter (QoQ) for Q2 2024 in its preliminary reading. The reading was in line market expectation but slightly lower the previous reading of 0.7%. The British economy has recorded slight butContinue Reading
NZD Falls Amid RBNZ Rate Cut Concerns
Fundamental Analysis * Rate Cut Speculation: The New Zealand Dollar has retreated from its recent peaks due to speculation about more rate cuts by the RBNZ. Although it was the best-performing G10 currency last week, supported by announcements of new stimulus measures in China, New Zealand’s main export destination, the currency is now under pressureContinue Reading
Pound Pulls Back Amid Dollar Strength, Losses Limited
Fundamental Analysis * Pound Resilience: The Pound Sterling is weakening against the US Dollar due to a slight recovery in the greenback. Nevertheless, losses are constrained as the outlook for the British currency remains optimistic, supported by expectations of a less-dovish Bank of England (BoE). Investors believe the BoE will gradually lower interest rates. InContinue Reading
