About: lishitong
Recent Posts by lishitong
Yen Declines Amidst BoJ Policy Ambiguity
Fundamental Analysis * BoJ Fog: The Japanese Yen has continued its decline against the dollar amid ongoing uncertainty regarding the Bank of Japan’s policy direction. Recent BoJ policy minutes indicate that officials support further tightening measures due to the weak Yen driving inflationary pressures. While this depreciation has boosted the competitiveness of Japanese exports, itContinue Reading
Euro Surges Following Legislative Election
*The dollar’s strength was tempered by the PCE reading that suggests the inflation in the U.S. is mitigating. *The euro jumped significantly after the political uncertainty in France was resolved. *BTC rebounded strongly from its bearish trend. Market Summary The dollar’s recent strength was tempered by last Friday’s Personal Consumption Expenditures (PCE) reading, which alignedContinue Reading
EUR/USD Soars As Expectations For Fed Rate Cuts Increase
Fundamental Analysis * Dovish Delight: The Euro has continued its upward trend against the US Dollar for the third consecutive day. This momentum is driven by growing speculation that the US Federal Reserve may cut interest rates in 2024, which would weaken the US Dollar and support the EUR/USD pair. On Friday, the US BureauContinue Reading
Rate Cut Hopes on the Line: NFP Set to Steal the Spotlight!
Monday, 1 July 2024, 17:00 – US ISM Manufacturing PMI (Jun) The US ISM Manufacturing PMI came in at 48.7 for May, below the forecast of 49.8 and the previous reading of 49.2. The main reasons for this stagnant reading are ongoing weak demand, which affects supplier orders, inventories, capital investments, and employment. Specific areasContinue Reading
All Eye On Today’s U.S. PCE
*Strong U.S. GDP and Job data buoyed the dollar at a 2-month high level. *Heightened geopolitical tension spurs higher gold and oil prices. *ETH prices found support from its bearish trend, awaiting spot ETH ETF launching confirmation. Market Summary The Dollar Index (DXY) showed resilience following early-session easing on Wednesday, bolstered by strong U.S. economicContinue Reading
