About: lishitong

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

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

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

Fundamental Analysis * GDP Stumble: The Australian Dollar declined against the U.S. Dollar after Australia’s GDP data came in weaker than expected. The Australian Bureau of Statistics (ABS) reported a 0.2% quarter-on-quarter GDP growth in Q2 2024, up from 0.1% in Q1, but below the forecasted 0.3% increase. Adjusted for population growth, GDP per capitaContinue Reading

Fundamental Analysis * Dollar Grab: EUR/USD slipped further into negative territory as the market continued to digest U.S. inflation data from earlier Friday and the Fed’s expected rate cut. The Federal Reserve is highly likely to begin lowering interest rates at the September meeting. However, persistent inflation has tempered expectations for a swift policy normalization.Continue Reading