About: lishitong
Recent Posts by lishitong
Dovish Fed Statement Hammers Dollar
* Jerome Powell promised Fed rate cuts would remain on track; a dovish stance exerted pressure on the dollar. * Gold prices, along with Dow Jones and S&P 500, all traded to all-time highs. * The Japanese Yen strengthened for the first time in 8 days after the BoJ first rate hike since 2007. FundamentalContinue Reading
Japanese Yen Weaken By BoJ Dovish Rate Hike
* The Japanese Yen plunged after the BoJ announced its first rate hike since 2007. * All eyes will be on the FOMC interest rate decision due today. * The Reserve Bank of Australia’s dovish tone after announcing its interest rate decision hammers the Australian dollar lower. Fundamental Overview The Bank of Japan (BoJ) madeContinue Reading
Yen Strengthen Ahead Of BoJ Interest Rate Decision
* The Euro’s CPI that is due today may be a catalyst for the euro. * All eyes will be on the BoJ interest rate decision, expecting a first-ever rate hike from BoJ in decades. * Gold prices continue to slide after trading to its all-time high. Fundamental Overview The financial markets are entering aContinue Reading
Dollar Rebounds Over Inflationary Pressures
* Dollar Index Surges on Inflation Data, Treasury Yields Rebound * Crude Oil Prices Extend Gains on Supply Deficit Projection * Gold Prices Consolidate Amid Profit-Taking, Fed Rate Expectations Fundamental Overview Amidst a flurry of economic data releases and speculation, the Dollar Index surged, propelled by stronger-than-expected inflation figures. The robust data fueled expectations ofContinue Reading
Central Banks’ Rate Decision: The Week to Watch.
Tuesday, 19 March 2024, 05:30 – RBA Interest Rate Decision (Mar) The RBA maintained the cash rate steady at 4.35% during its February meeting as widely expected by analysts. Reserve Bank governor Michele Bullock previously indicates her skepticism regarding the sustainability of inflation returning to the target level. Hence, the market expects the cash rateContinue Reading
