About: lishitong
Recent Posts by lishitong
USD/CAD Gains Amid Reports Involving Trump and Trudeau
Fundamental Analysis * Political Uncertainties: USD/CAD regained some momentum during the early Asian session on Tuesday, driven by a stronger U.S. dollar. President-elect Donald Trump dismissed claims of scaling back his tariff plans, reiterating their wide-reaching scope and amplifying market volatility concerns ahead of his inauguration. Market participants remain wary of potential disruptions as furtherContinue Reading
USD/CHF Climbs as Expectations for Fewer Rate Cuts Increase
Fundamental Analysis * Persistent Inflation: The USD/CHF pair continues its upward momentum, buoyed by growing expectations of fewer rate cuts from the Federal Reserve (Fed). Inflation in the United States remains persistently above the Fed’s 2% target, signaling that the central bank is likely to maintain higher interest rates for a longer period compared toContinue Reading
Dollar Reign Supreme, US Jobs Eyed Next Week!
Tuesday, 7 January 2025, 17:00 – US ISM Non-Manufacturing PMI (Dec) The U.S. ISM Non-Manufacturing PMI for November registered at 52.1, falling short of the market’s expectation of 55.5. While the reading indicates continued growth in the U.S. services sector, it reflects a slower pace than October’s figure of 56.0. This slowdown was mainly attributedContinue Reading
GBP/JPY Drops on Expectations of Dovish BoE Policy Shift
Fundamental Analysis * Doves Drive the Pound: The GBP/JPY pair has experienced a significant drop as increasing expectations of a dovish Bank of England (BoE) weigh on the British pound. BoE Governor Andrew Bailey stressed that a “gradual” approach to rate cuts is still suitable, which contrasts with market predictions of fewer rate reductions nextContinue Reading
Euro Weakens as Holiday Lull Meets Strong Dollar
Fundamental Analysis * Dollar Dominant: The Euro continued its decline against the dollar during the Asian session as trading volumes remained subdued, with markets still recovering from the New Year break. The Euro struggled to attract buyers, weighed down by a strong U.S. dollar, supported by a less dovish Federal Reserve. The U.S. central bankContinue Reading
