About: lishitong
Recent Posts by lishitong
Oil Remains Strong On OPEC Outlook
Oil prices continued their upward trend driven by the OPEC monthly report forecasting a 3.3 million barrel per day shortfall in the 4th quarter. The dollar index remained stable near $104.5 as the market awaited the release of U.S. CPI data, causing fluctuations in the equity and gold markets due to speculation about a potentialContinue Reading
Written on September 13, 2023 at 5:20 am
Categories: Daily Market Analysis
Wall Street Closes Higher Ahead Of CPI
Wall Street closed higher before the release of the U.S. Consumer Price Index (CPI) scheduled for Wednesday at 15:30 (GMT+3). Bank of Japan (BoJ) Governor Ueda’s hawkish statements over the weekend have contributed to the strength of the Japanese Yen during the Asian morning session. Ueda mentioned that the Japanese Central Bank may have enoughContinue Reading
Written on September 12, 2023 at 5:56 am
Categories: Daily Market Analysis
Yen Strengthens With Possible BoJ Policy Tweak
BoJ Governor Ueda suggests that by year-end, sufficient data will be available to evaluate the sustainability of wage growth and inflation in Japan. Bank of Japan (BoJ) Governor Ueda’s hawkish statements over the weekend have contributed to the strength of the Japanese Yen during the Asian morning session. Ueda mentioned that the Japanese Central BankContinue Reading
Written on September 11, 2023 at 5:17 am
Categories: Daily Market Analysis
Strong U.S. Economic Data Bolsters Dollar
The lower-than-expected initial jobless claims has reinforced the belief that the Federal Reserve may proceed with interest rate hikes. U.S. economic data released on Thursday has reinforced the belief that the Federal Reserve may proceed with interest rate hikes on September 20th. This sentiment was supported by lower-than-expected initial jobless claims and a larger-than-anticipated declineContinue Reading
Written on September 8, 2023 at 5:44 am
Categories: Daily Market Analysis
United Kingdom Experiences Significant Surge In GDP
The Week Ahead: Week of 11 September (GMT+3) Wednesday, 13 September, 09:00 – UK GDP (MoM) (Jul) The rate improved to 0.5% from -0.1%, a sharp increase in the second quarter of the year. The manufacturing sector experienced a notably robust month, with significant growth observed in both the automotive industry and the typically unpredictableContinue Reading
Written on September 8, 2023 at 12:40 am
Categories: Weekly Outlook
Tags: Weekly Highlight Event
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