About: lishitong
Recent Posts by lishitong
Will Fed Push Back On Rate Cut Next Week?
Wednesday, 12 June 2024, 15:30 – US CPI (MoM) (May) In April, U.S. consumer prices saw a smaller-than-expected increase, registering at 0.3% compared to the previous 0.4%. This suggests that inflation started to decrease once more at the beginning of the second quarter. As the economy appears to be slowing down and consumer spending isContinue Reading
USD/JPY Rebounds On Weak Japan Data, Positive Risk Sentiment
Fundamental Analysis * • Yen Fade: The USD/JPY pair has surged following a period of decline, driven by the strengthening of the US dollar amidst its recovery from recent setbacks triggered by a sell-off after the ISM Manufacturing PMI missed expectations, coupled with disappointing data from Japan. This includes reports of a continual decline inContinue Reading
Kiwi Surge Amid Fed Rate Cut Bets, Positive China Data.
Fundamental Analysis * Kiwi Boost: The New Zealand Dollar continues to extend its rally against the US Dollar, reaching a three-month high as investors start to anticipate two interest rate cuts by the Federal Reserve, which weakens the greenback. Despite better-than-expected ISM Service PMI data, the dollar’s strength was short-lived due to recent U.S. GDPContinue Reading
Oil Plummet on U.S. Crude Inventory Surge
Fundamental Overview Oil prices experienced their steepest decline of 2024, dropping over 5%, following the release of the American Petroleum Institute (API) weekly crude data, which revealed an unexpected inventory build-up exceeding 4 million barrels. This surprise data, coupled with OPEC+’s decision to increase oil supply in the fourth quarter, exerted significant downward pressure onContinue Reading
Loonie Slips On BoC Rate Cut Expectation
Fundamental Analysis * Loonie Swoon: The Canadian Loonie have broadly fell, further erasing recent gains against the US Dollar. Canada is not releasing any economic data on Tuesday, leaving the Canadian Dollar influenced by general market sentiment. Mixed economic data from the US, coupled with a prolonged decline in Crude Oil prices, has pushed investorsContinue Reading
