About: lishitong
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Dollar Surge On Above Expectation Job Data
Dollar strengthened as U.S. economic data including PCE and initial Jobless Claims better than than market expectation. The U.S. equity market’s winning streak ended as the Dow Jones closed about 0.5% lower due to mixed economic data. The Fed’s preferred inflation measure, the PCE index, matched market forecasts at 4.2%, while Initial Jobless Claims fellContinue Reading
Written on September 1, 2023 at 5:42 am
Categories: Daily Market Analysis
U.S. Economic Data Continue To Dampen Dollar’s Strength
Downbeat U.S. economic data continue to hammer the dollar and is struggling to hold above $103 trajectory The United States continues to release disappointing economic data, leading to a further weakening of the dollar’s strength. The labour market’s cooling trend is evident as the ADP Nonfarm Employment Change figures declined to 177k, a significant dropContinue Reading
Written on August 31, 2023 at 5:41 am
Categories: Daily Market Analysis
Softer Job Data Hammers Dollar
The decline in U.S. JOLTs Job Openings signals a cooling labor market, leading to a significant setback of nearly 5% for the dollar. In an unexpected turn, the U.S. JOLTs Job Openings report displayed a decline from its previous reading of 9.17 million to the current figure of 8.83 million, signalling a cooling labour market.Continue Reading
Written on August 30, 2023 at 6:07 am
Categories: Daily Market Analysis
Risk-on Sentiment Heightens Ahead Of Job Data
US equities advanced as the dollar’s vigor abated after Jerome Powell’s dovish tone at the Jackson Hole Symposium. US equities advanced as the dollar’s vigor abated after assimilating Jerome Powell’s Jackson Hole Symposium discourse. Powell’s subtly dovish tone vowed meticulous inflation management to foster risk appetite. Speculation also swirled around a softer labor market andContinue Reading
Written on August 29, 2023 at 6:19 am
Categories: Daily Market Analysis
Powell’s Hawkish Statement Boosts Dollar
The Fed chief has jointly reaffirmed his determination to combat inflation, which has strengthened the dollar. The Fed chief, along with the Deputy Governor of the BoE and the Chair of ECB, have jointly reaffirmed their determination to combat inflation until it remains consistently within the targeted range. This Hawkish stance has contributed to theContinue Reading
Written on August 28, 2023 at 6:22 am
Categories: Daily Market Analysis
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