About: lishitong
Recent Posts by lishitong
Euro Slumps With An Unexpected ECB Rate Hike
The market worries that a 25 basis points rate hike by the European Central Bank might further hamper the already dim economic prospects within the Eurozone. Upbeat U.S. economic data, particularly Retail Sales and Initial Jobless Claims, ignited a rally in both the dollar index and equity markets. Investors are now bolstered by their confidenceContinue Reading
Economists Expect Fed To Pause Rate Hikes
The Week Ahead: Week of 18 September (GMT+3) Tuesday, 19 September, 15:30 – US Building Permits (Aug) There was a slight increase in US July Building Permits, rising from 1.441 million to 1.443 million.The marginal uptick in housing starts indicates a degree of optimism among builders. However, the impact of potential future mortgage rate increasesContinue Reading
Market Stays Calm As U.S. CPI Increases
The market’s relatively muted reaction suggests that this uptick in CPI had already been priced in. Yesterday’s U.S. CPI release showed a higher reading than both the forecasted number and the previous reading. However, it appeared that the market had already priced in this uptick in CPI, and there was a relatively muted reaction asContinue Reading
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
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
