About: lishitong
Recent Posts by lishitong
Uncertainty Looms? Data To Illuminate US Inflation Path
Wednesday, 10 July 2024, 04:00 – RBNZ Interest Rate Decision In May, the Reserve Bank of New Zealand (RBNZ) decided to maintain the Official Cash Rate (OCR) at 5.50%. This decision reflects a commitment to keeping monetary policy restrictive to manage inflationary pressures and ensure that inflation returns to the target range of 1-3% byContinue Reading
All Eye On Today’s NFP
* The dollar stood pat Yesterday while traders focused on today’s NFP. *The market is awaiting the UK general election result and its implications for the pound sterling. *BTC slid to below $56000 weight on Mt. Gox BTC repayment. Market Summary The UK general election 2024 was held on Thursday, and while the results areContinue Reading
Japanese Yen Bounces Back Amid Intervention Warning
Fundamental Analysis * Intervention Cue: The Japanese Yen has strengthened recently against the US Dollar amid ongoing market watchfulness, with expectations of potential intervention by Japanese authorities to curb excessive depreciation. Japan’s near-zero interest rates contribute to a notable interest rate differential compared to other major currencies, adding to global pressure on the Yen. GivenContinue Reading
Wall Street Rally Ahead of NFP
*Wall Street Rallied on soft U.S. job data while the Dollar’s strength eased. *Gold prices rose sharply in the last session, catalysed by Fed rate cut speculation. *BTC prices dropped below $60,000, and the bearish sentiment grew on Mt. Gox’s BTC repayment scheme. Market Summary In the last session, Wall Street saw a notable rallyContinue Reading
USD/CAD Dives Following Disappointing US Economic Data
Fundamental Analysis * Data Dive: The Canadian Dollar has strengthened against the US Dollar following a notable decline in the greenback prompted by disappointing economic data from the United States. The ADP Employment report revealed a slowdown in private sector job growth for June, with employers adding 150,000 jobs, missing the expected 160,000 and fallingContinue Reading
