About: lishitong
Recent Posts by lishitong
USD/JPY Zigzag Amid Mixed Signal
Fundamental Analysis * Fed Hawk: The USD/JPY initially dropped from its peak but later recovered somewhat as the market continued to digest soft U.S inflation data alongside the Fed hawkish stance. The latest US Consumer Price Index (CPI) unchanged in May, the first time since last June, and decreased to 3.3% annually from April’s 3.4%.Continue Reading
Dollar Calm ahead of FOMC Minutes
Fundamental Overview The dollar index steadied in the last session, trading above the $105 mark, ahead of the highly anticipated FOMC meeting minutes. Market expectations are leaning towards a more hawkish stance from the U.S. central bank due to a tight labour market. Analysts predict that the Fed is likely to implement two 25 bpsContinue Reading
Nasdaq Hits Record Highs on AI Hype
Fundamental Analysis The Nasdaq has surged to fresh record highs, bolstered by bullish momentum stemming from the ongoing excitement around artificial intelligence (AI). This rally is particularly influenced by Apple’s recent announcement to enhance its Siri voice assistant and operating systems through a partnership with OpenAI’s ChatGPT. This strategic move aims to position Apple moreContinue Reading
NFP Shocks Market, Triggers Dollar Surge
Fundamental Overview Last Friday’s U.S. Nonfarm Payroll (NFP) report rattled financial markets with a significantly higher-than-expected reading, far surpassing both market expectations and the previous month’s figures. The robust job data dashed hopes for an early rate hike from the Federal Reserve, as a tight labour market could potentially spur higher inflation, prompting a moreContinue Reading
USD/CHF Rose On Robust US Labor Market Data
Fundamental Analysis * Job Juggernaut: The USD/CHF pair has strengthened following the release of updated Nonfarm Payroll (NFP) figures from the US on last Friday, which exceeded market expectations. This has led to speculation that the Federal Reserve may adopt a more hawkish stance, contrasting with the Swiss National Bank’s (SNB) policy, which could benefitContinue Reading
