About: lishitong
Recent Posts by lishitong
Gold Rises After Soft US Jobs Data
Fundamental Analysis * Labor Market Slip: Gold prices have stabilized after the U.S. Job Openings data showed fewer openings than expected for July. The U.S. Bureau of Labor Statistics reported that JOLTS Job Openings fell to 7.673 million in July, down from a revised 7.91 million in June, and below the forecasted 8.1 million. ThisContinue Reading
Aussie Dollar Drops After Weak GDP Data
Fundamental Analysis * GDP Stumble: The Australian Dollar declined against the U.S. Dollar after Australia’s GDP data came in weaker than expected. The Australian Bureau of Statistics (ABS) reported a 0.2% quarter-on-quarter GDP growth in Q2 2024, up from 0.1% in Q1, but below the forecasted 0.3% increase. Adjusted for population growth, GDP per capitaContinue Reading
EUR/USD Dips As Dollar Maintains Friday Bid
Fundamental Analysis * Dollar Grab: EUR/USD slipped further into negative territory as the market continued to digest U.S. inflation data from earlier Friday and the Fed’s expected rate cut. The Federal Reserve is highly likely to begin lowering interest rates at the September meeting. However, persistent inflation has tempered expectations for a swift policy normalization.Continue Reading
Pound Dips as Rate Cut Expectations Ease
Fundamental Analysis * Declining Odds: The pound sterling extended its losses against the U.S. dollar after the release of the U.S. PCE Price Index data, which dampened expectations of a Fed rate cut. The PCE inflation report revealed that core inflation, excluding volatile food and energy prices, came in at 2.6%, slightly below the estimatedContinue Reading
Fed Rate Cut Calls, Would NFP Tilt The Odds?
Tuesday, 3 September 2024, 16:00 – US ISM Manufacturing PMI (Aug) The latest data for the U.S. ISM Manufacturing PMI, released on August 1, 2024, shows a decline to 46.8, down from 48.5 in June. This marks the sixth consecutive month of contraction (a reading below 50) and remains well below the historical average ofContinue Reading
