About: lishitong
Recent Posts by lishitong
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
Dollar Bolsters By Upbeat CPI
* The U.S. CPI came higher than the market consensus, remaining above 3%, suggesting that the Fed may be extra cautious in amending its monetary policy. * Japan is optimistic about maintaining a healthy wage growth, fueling optimism about BoJ’s March rate hike. *U.S. equity markets edge higher despite strong CPI led by large techContinue Reading
Gold And Dollar Stand Pat Ahead Of CPI
* Gold Prices are sideways at near $2185 levels ahead of the U.S. CPI reading today. * Japanese 10-year bond yield has climbed to the highest level in 2024, anticipating the first BoJ rate hike in decades. *BTC surge passes $72000 mark while bullish momentum remains intact. Fundamental Overview The U.S. financial markets are inContinue Reading
Dovish Fed Bolsters Gold To All-Time High
* The Dollar plunged on poor economic data, Unemployment rate and Average Hourly Earnings both came short, while Nonfarm Payrolls beat market expectations. * Gold prices reach new highs driven by a pessimistic US economic outlook, upcoming US inflation report is highly anticipated. Fundamental Overview The US Dollar faces challenges as key employment indicators presentContinue Reading
