About: lishitong
Recent Posts by lishitong
U.S. PCE Shows Inflation Moderating
Cooling inflation has given hopes to the equity markets and weighed on the dollar The US Dollar has strengthened significantly as economic data exceeded expectations, bolstering confidence in the currency. Furthermore, the robust performance of the banking sector has ignited positive momentum in the US equity market. The Federal Reserve’s stress test results have demonstratedContinue Reading
Written on July 3, 2023 at 6:03 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
Resilient US Dollar And Robust Banks: Key Market Highlights
Solid US economic data continue to boost demand on US Dollar. The US Dollar has gained strength as economic data surpassed expectations. Meanwhile, the robust banking sector sparked bullish momentum in the US equity market. The Federal Reserve’s stress test results showcased the resilience of major banks, including Wells Fargo, JPMorgan Chase, and Goldman Sachs.Continue Reading
Written on June 30, 2023 at 5:44 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
Upcoming Data Releases Are Expected To Provide Insights Into The US Job Market
The Week Ahead: Week of 3 July (GMT+3) Monday, 3 July, 17:00 – US ISM Manufacturing PMI (Jun) The manufacturing Purchasing Managers’ Index (PMI) in the United States has remained below the threshold of 50 for the sixth consecutive month, signalling contraction in the sector. The latest reading recorded a decline to 46.9 from theContinue Reading
Written on June 30, 2023 at 3:33 am
Categories: Weekly Outlook
Tags: Weekly Highlight Event
Dollar Gains As Federal Reserve Unleashes Hawkish Tone
Fed’s hawkish tone continues to spark rate hike expectations, US Dollar extend its bullish momentum. The global financial landscape is being marked by shifting monetary policies and concerns over inflationary pressures. Federal Reserve Chairman Jerome Powell’s hawkish tone has injected confidence in the US dollar, as market expectations for a rate hike in July haveContinue Reading
Written on June 29, 2023 at 5:19 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
Equity Markets Positive After Russia Mutiny Resolved
Geopolitical tensions eased following Prigozhin’s troops retreat from Moscow as both parties had reached consensus on certain deals. Political instability in Russia has abated as Prigozhin’s troops retreat from Moscow, leading to a positive response in equity markets, particularly the Nasdaq, which rose over 1%. Oil and gold prices declined as the situation in RussiaContinue Reading
Written on June 28, 2023 at 5:59 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
Recent Comments by lishitong
No comments by lishitong yet.