About: lishitong
Recent Posts by lishitong
Christmas Around The Corner, Quiet Markets Expected
Monday, 23 December 2024, 09:00 – UK GDP (YoY) (Q3) In November, the UK’s preliminary GDP reading for the third quarter of 2024 showed a 1.0% increase, surpassing market expectations of 0.1% and improving on the previous quarter’s 0.7% growth. This expansion was driven by various sectors, with the services sector—representing a major share ofContinue Reading
Pound Sinks as Robust US Data Strengthens Dollar
Fundamental Analysis * Sterling Slide: The pound sterling has slumped against the dollar, driven by robust U.S. employment data and a strong GDP report. Ahead of the New York session, reports highlighted a solid labor market and sustained economic expansion. Initial Jobless Claims for the week ending December 14 fell from 242K to 220K, outperformingContinue Reading
Gold Prices Decline as the Fed Adopts a More Hawkish Stance
Fundamental Analysis * Hawkish Note: Gold prices have dropped against the dollar as Federal Reserve Chairman Jerome Powell signaled a hawkish outlook following a rate cut and a shift in projections toward a less dovish stance. The Fed reduced interest rates by 25 basis points, bringing them to a range of 4.25%-4.50%. However, the decisionContinue Reading
NZD/USD Declines Following Strong U.S. Retail Sales Data.
Fundamental Analysis * Retail Resurgence: The New Zealand dollar continues to struggle against the U.S. dollar as stronger-than-expected U.S. Retail Sales bolster the greenback. Data from the U.S. Census Bureau revealed a 0.7% MoM increase in Retail Sales for November, surpassing the 0.5% market estimate and improving on the revised 0.4% growth from October. Simultaneously,Continue Reading
EUR/USD Rises on EU PMI, Eyes Turn to Fed
Fundamental Analysis * Data Glow: The euro posted slight gains against the dollar but lacked strong momentum following the release of the latest EU Manufacturing PMI data. The Eurozone Manufacturing PMI, reported by the Hamburg Commercial Bank (HCOB), rose to 45.2 in December, beating the 45.0 forecast. Meanwhile, the bloc’s Services PMI climbed to 51.4Continue Reading
