About: lishitong
Recent Posts by lishitong
USD/CAD Dips On Profit Taking, Attention Turns To PCE
Fundamental Analysis * Profit Pullback: The USD/CAD pair has paused and pulled back from its high as investors start profit-taking after absorbing stronger-than-expected U.S. GDP data. According to the Commerce Department’s Thursday report, the initial estimate of the US Real Gross Domestic Product (GDP) for April to June showed a 2.8% annualized growth rate, seasonallyContinue Reading
Wall Street Dip On AI Jitters
*Wall Street Plummet with Nasdaq plunged by more than 700 points on AI jitters. *Japanese Yen strengthened ahead of BoJ’s interest rate decision on heightened Hawkish monetary policy expectations. *BTC and ETH dipped as the market’s risk appetite deteriorated. Market Summary The U.S. equity market experienced one of its worst trading days this year, withContinue Reading
Yen Surges On BoJ’s Hawkish Policy Shift
Fundamental Analysis * Yen Frenzy: The Japanese Yen (JPY) is gaining strength against the dollar, influenced by expectations that the Bank of Japan (BoJ) will raise interest rates at its policy meeting next week. According to Reuters, Toshimitsu Motegi, a senior official in the ruling party, has called on the BoJ to clearly communicate itsContinue Reading
Eye On Today’s PMI Readings
*The dollar continues to trade sideways, awaiting today’s PMI reading. *Wall Street weighed on Tesla’s below-expectation earning performance and closed lower. *9 Ethereum ETFs were approved by the U.S. SEC and launched yesterday. Market Summary The dollar index traded in a relatively sideways range, poised at its weekly high, awaiting PMI readings to gauge theContinue Reading
Oil Prices Decline Due To Ceasefire Talks And Demand Worries
Fundamental Analysis * Crude Collapse: Crude oil prices have fallen to a six-week low amid expectations of a ceasefire in Gaza and increasing concerns about demand in China. Efforts to mediate a ceasefire between Israel and Hamas, based on a plan proposed by U.S. President Joe Biden in May and facilitated by Egypt and Qatar,Continue Reading
