About: lishitong
Recent Posts by lishitong
USD/CAD Surges After Fed Rate Decision
Fundamental Analysis * First Cut: USD/CAD surged during the Asian session following the Fed’s rate decision, sparking significant market volatility. The Federal Open Market Committee (FOMC) lowered the federal funds rate to 4.75%-5%, marking its first cut in over four years. During a post-meeting press conference, Fed Chair Jerome Powell said, “This decision reflects ourContinue Reading
Euro Rises with Fed Rate Cut on the Horizon
Fundamental Analysis * Rate Cut Countdown: The euro is gaining momentum against the U.S. dollar as increasing market expectations for a substantial Fed rate cut put pressure on the greenback. Speculation around a larger cut grew after weaker-than-anticipated August Producer Price Index (PPI) figures and reports indicating that officials may consider such a move. TheContinue Reading
Fed Rate Watch: The Week That Moves Markets!
Tuesday, 17 September 2024, 08:00 – US Core Retail Sales (MoM) (Aug) The latest U.S. Core Retail Sales for July reported a 0.4% increase, surpassing the market’s forecast of 0.1%. This better-than-expected outcome was fueled by strong consumer spending, notably in online shopping and restaurant sales, despite ongoing concerns about high inflation. Based on recentContinue Reading
USD/JPY Dips Amid Fed Rate Cut Speculation, Weak Dollar
Fundamental Analysis * Surging Odds: The USD/JPY pair continues to decline in the Asian session as the dollar weakens. The US Dollar (USD) has reached a new weekly low, fueled by rising expectations of more aggressive easing by the Federal Reserve (Fed) next week. This outlook was bolstered by Wednesday’s weaker-than-expected US Producer Price IndexContinue Reading
Pound Drops as US CPI and UK GDP Data Impact Markets
Fundamental Analysis * Data Dilemma: The pound sterling fell against the dollar as market reactions to recent U.S. inflation data weighed on it. U.S. core CPI held steady at 3.2% year-over-year in August, meeting expectations, while monthly CPI and core CPI increased by 0.2% and 0.3%, respectively, surpassing forecasts. This led traders to lower theContinue Reading
