About: lishitong
Recent Posts by lishitong
Federal Reserve in No Hurry for Rate Cut; Investors Focus on Inflation Data
Tuesday, 13 Feb, 15:30 – US CPI (YoY) (Jan) Consumer prices for a range of goods and services surged beyond expectations in December, as reported by the Labor Department. The Consumer Price Index (CPI) for 2023 ended at 3.4%, slightly surpassing the previous figure of 3.1%, while economists had anticipated a reading of 3.2%. ThisContinue Reading
Dollar Remains Positive, Buoyed By Hawkish tone
* China CPI and PPI came short weighing down Chinese equity markets. * Dollar losing steam while gold prices advanced. * Oil prices gain with lingering risks in the Middle East. Fundamental Overview Post the recent interest rate decision and Nonfarm Payroll release, Federal Reserve officials, led by Jerome Powell, maintain a consistent message emphasisingContinue Reading
Hang Seng Index Rebounds Sharply
* The China Stimulus plan boosts the Hang Seng Index to jump near 1000 points this week. * German Factory Order came significantly higher at 8.9%, which fuels the euro. * Gold and oil prices rose on the back of the easing dollar’s strength. Fundamental Overview The Hang Seng Index shows resilience for the secondContinue Reading
Dollar Surges Amid Upbeat ISM Data
* The U.S. dollar continues to climb on the back of strong economic data. * Downbeat Japan’s Household Spending, putting pressure on the Yen. * The Australian dollar slid to its lowest level since last November on disappointing Retail Sales data. Fundamental Overview In global financial markets, the US dollar’s strength persists, fueled by robustContinue Reading
Dollar Surge On Upbeat NFP Job Data
* The dollar surged alongside the Treasury yield after last Friday’s NFP beat expectations. * Gold prices plunged for 2 sessions straight as the dollar strengthened. * All eyes are on Tuesday’s RBA interest rate decision. Fundamental Overview Last Friday’s robust U.S. non-farm payroll report, revealing an increase of 353,000 jobs, surpassed the previous figureContinue Reading
