About: lishitong
Recent Posts by lishitong
Euro Falls Amid Rising Speculation of ECB Rate Cuts
Fundamental Analysis * ECB Cut Watch: The euro continued to decline against the dollar as expectations grew that the European Central Bank (ECB) would cut rates at its September 12 meeting. The ECB is expected to unveil economic forecasts, likely downgrading growth and inflation estimates. Money markets are pricing in rate cuts of 50 toContinue Reading
Aussie Drops After Mixed U.S. Jobs Report
Fundamental Analysis * NFP Aftermath: The Australian Dollar turned negative and declined against the U.S. Dollar following the release of August’s U.S. Non-Farm Payrolls (NFP) report. The data revealed weaker-than-expected job growth, with 142K new jobs added, falling short of the forecasted 160K but still above July’s revised figure of 89K (originally 114K). Despite theContinue Reading
Yen Rises on Strong Data, Potential BoJ Rate Hike
Fundamental Analysis * Data-driven: The Japanese Yen has strengthened against the U.S. dollar, driven by positive economic data. Japan’s Labor Cash Earnings rose 3.6% year-on-year in July, down from June’s 4.5% but still above the 3.1% forecast. This strong performance has sparked speculation that the Bank of Japan (BoJ) might increase interest rates before year-end.Continue Reading
Market Weigh the Odds, CPI To Tip the Scales?
Tuesday, 10 September 2024, 08:00 – German CPI (YoY) (Aug) The German Consumer Price Index (CPI) preliminary data released on August 29, 2024, showing a year-over-year increase of 1.9%. This figure was below both the forecast of 2.1% and the previous month’s 2.3%. The decline in inflation is largely attributed to weaker economic activity, reducedContinue Reading
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
