About: lishitong
Recent Posts by lishitong
Fed Rate Cut Locked In? All Eyes on PCE!
Wednesday, 24 July 2024, 15:45 – US Manufacturing PMI (Jul) The latest S&P Global US Manufacturing PMI for June 2024 has been revised to 51.6, slightly lower than the expectation of 51.7 but up from 51.3 in May. This indicates an improvement in manufacturing business conditions for the second consecutive month, driven by increased newContinue Reading
Euro Declines After ECB Decision To Hold Rates
Fundamental Analysis * ECB Halts: The euro declined against the dollar after the European Central Bank (ECB) revealed its interest rate decision. The ECB opted to keep interest rates unchanged, while suggesting a potential future rate cut, though this guidance remains ambiguous and conditional. No specific future actions were detailed, as the ECB cited ongoingContinue Reading
Dollar Dip on Dovish Fed’s Beige Book
*The dollar tumbling on the Dovish Fed’s Beige book suggests the inflation is heading to 2%. *The Japanese yen gained significantly yesterday due to potential Japanese official market intervention. *Eye on today’s ECB interest rate, which is expected to hold the interest rate unchanged. Market Summary The dollar continues to tumble, trading at its lowestContinue Reading
Kiwi Declines On Soft CPI Data, Raise Rate Cut Expectations
Fundamental Analysis * CPI Drag: The New Zealand dollar declined against the US dollar after New Zealand’s CPI data came in weaker than expected, heightening speculation about a possible rate cut from the RBNZ. Government figures showed the CPI rose by 3.3% year-on-year for the quarter ending June 30, below the forecasted 3.5% and downContinue Reading
Gold Surge to All-time High
* Wall Street continues to rally as the U.S. Retail Sales reading supports the rate cut view. *Gold Prices surged to all-time high on a softening dollar. *BTC prices continue to surge on Donald Trump effect and passed the $65000 mark. Market Summary The U.S. equity market continued its rally in yesterday’s session, with theContinue Reading
