About: lishitong
Recent Posts by lishitong
Recession Concerns Ease: Can the U.S. Sustain Its Momentum?
Tuesday, 27 August 2024, 16:00 – US CB Consumer Confidence (Aug) The U.S. Conference Board Consumer Confidence Index rose to 100.3 in July 2024, up from a revised 97.8 in June. This growth was mainly driven by improved consumer expectations regarding future economic conditions, even as views on the present situation slightly weakened. The PresentContinue Reading
USD/CAD Drops Following Release of U.S. PMI Data
Fundamental Analysis *PMI Drag: The USD/CAD pair traded with a softer tone following the release of S&P Global’s PMI data. The flash estimate for the US Composite Purchasing Managers Index (PMI) slightly declined to 54.1 in August, still above the anticipated 53.5 but marking a four-month low from July’s 54.3. Additionally, Manufacturing PMI fell toContinue Reading
Japanese Yen Weakens Amid Widening Trade Deficit
Fundamental Analysis *Deficit Drag: The Japanese Yen declined against the dollar after Japan’s trade deficit data weighed on the currency. Data released on Wednesday revealed that Japan’s Merchandise Trade Balance recorded a deficit of ¥621.84 billion in July, a sharp reversal from the ¥224.0 billion surplus in June and falling short of market expectations ofContinue Reading
Oil Prices Decline Amid Reduced Middle East Tensions
Fundamental Analysis *Crude Calm: Crude oil prices have dropped due to expectations of reduced tensions in the Middle East, driven by ongoing diplomatic efforts and increasing U.S. crude stockpiles. U.S. Secretary of State Antony Blinken wrapped up his Middle East visit, aimed at advancing a ceasefire in Gaza. Blinken, along with mediators from Egypt andContinue Reading
Nasdaq Eyes Key Psychological Barrier As AI Growth Fuels Market Resilience
Fundamental Analysis *Equity Market Resilience Supported by Dropping Yields: The US equity market continues to show strength, with numerous analysts maintaining a positive outlook. Bank of America analysts highlight that US equities are well-positioned to maintain their upward trend, assuming economic growth remains stable. The potential for Fed rate cuts, alongside stabilized and decelerating inflation,Continue Reading
