About: lishitong
Recent Posts by lishitong
USD/CHF Gains On Hawkish Fed
Fundamental Analysis * Hawkish Fed: USD/CHF gained traction as the dollar strengthened at the start of the week, driven by hawkish comments from Fed Governor Michelle Bowman. She indicated that the Fed may hold off on rate cuts in September and noted persistent inflation risks from a strong labor market. Additionally, positive equity market sentimentContinue Reading
Aussie Dollar Climbs Following RBA’s Hawkish Stance
Fundamental Analysis * RBA Fuel: The Australian dollar has gained strength against the U.S. dollar in response to the RBA’s hawkish remarks. Last week, the RBA held its interest rate steady at 4.35% for the sixth consecutive meeting. RBA Governor Michele Bullock pointed out inflation risks and suggested a potential rate hike if necessary. WestpacContinue Reading
Fed Pressured: Will CPI Data Fuels Calls for Rate Cuts？
Tuesday, 13 August 2024, 16:00 – US PPI (MoM) (Jul) The U.S Producer Price Index (PPI) for June showed a month-over-month increase of 0.2%, which was slightly above market expectations of 0.1%. This increase followed a flat reading in May and a decline of 0.2% in April, highlighting some volatility in producer prices over theContinue Reading
Japanese Yen Stays Weak After Dovish BoJ Stance
Fundamental Analysis * Yen Woes: The Japanese Yen remains under pressure against the dollar as investors digest the Bank of Japan’s dovish remarks. Reuters reports that BoJ Deputy Governor Shinichi Uchida recently indicated that the BoJ is not contemplating an interest rate hike due to market instability. He also noted that the BoJ’s approach toContinue Reading
GBP/USD Falters on BoE Rate Cut and Civil Unrest
Fundamental Analysis * Cable Struggle: The pound sterling is under pressure as markets speculate on two more Bank of England (BoE) rate cuts this year. The BoE recently lowered rates for the first time since March 2020, reducing the bank rate by 0.25 percentage points to 5%. BoE Governor Andrew Bailey indicated that future rateContinue Reading
