About: lishitong
Recent Posts by lishitong
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
Oil Prices Hold Steady on Middle East Supply Worries
Fundamental Analysis * Supply Concerns: Oil prices held steady in early Friday trading as investors weighed supply concerns in the Middle East against signs of weakening demand. Reports show that more than half of Libya’s oil output, around 700,000 barrels per day (bpd), was shut down on Thursday, with exports suspended at several ports dueContinue Reading
New Zealand Dollar Rises on Boosted Business Confidence
Fundamental Analysis * Business Boom: The New Zealand Dollar sees increased buying interest as the nation’s business confidence surges in August. ANZ Bank’s survey revealed that New Zealand’s business confidence soared to its highest level in a decade, with forward-looking activity indicators showing significant growth. The headline figure indicated that a net 50.6% of respondentsContinue Reading
USD/CAD Declines as Market Absorbs Dovish Fed Signals
Fundamental Analysis *Dove Echoes: The Canadian Dollar extends its gains as the market absorbs the Fed’s dovish remarks. The Federal Reserve’s shift to a dovish stance dominates discussions, leading to a continued sell-off of the Greenback. Market expectations for a rate cut remain high, with the CME’s FedWatch Tool indicating a 35% chance of aContinue Reading
