About: lishitong

Fundamental Analysis * • Weak Pound: The pound remains weak as the U.S. dollar gains strength, driven by better-than-expected U.S. economic data. U.S. Retail Sales increased by 0.4%, outpacing the forecast of 0.3% and surpassing August’s 0.1% rise, with strong demand in retail, food stores, and clothing. Additionally, jobless claims fell to 241K, lower thanContinue Reading

Fundamental Analysis * Gold Glimmers: Gold remains in demand as market uncertainty grows, driven by weaker U.S. manufacturing data on Tuesday, which may lead to a downward revision of the U.S. interest rate outlook. The NY Empire State Manufacturing Index dropped to -11.4 in October, a steep fall from September’s 11.5 increase and well belowContinue Reading

Fundamental Analysis * China Jitters: The Australian Dollar remains on a downward trend against the US Dollar, fueled by increasing worries about China’s economic future, which is crucial for Australia as its largest trading partner. Investor concerns have heightened after September data from China revealed worsening deflationary pressures, raising questions about the impact of itsContinue Reading

Fundamental Analysis * Weak Kiwi: The New Zealand Dollar continues to weaken against the U.S. Dollar, pressured by deflation concerns in China, its largest trading partner. Uncertainty over Beijing’s economic stimulus efforts has raised concerns about future demand. China’s National Bureau of Statistics reported on Sunday that the country’s Consumer Price Index (CPI) was flatContinue Reading

Fundamental Analysis * • PPI Heat: The euro continues to weaken against the dollar after stronger-than-expected U.S. PPI data was released. U.S. Core PPI increased at an annual rate of 2.8%, exceeding both market forecasts and prior figures of 2.7% and 2.6%. This higher-than-expected producer inflation, along with persistent overall inflation, has fueled concerns thatContinue Reading