About: lishitong
Recent Posts by lishitong
Euro Declines Amid Anticipation of ECB Rate Decision
Fundamental Analysis * Labor Lift: The Euro has weakened against the US Dollar as traders brace for the European Central Bank (ECB) rate decision on Thursday. The currency has shown limited movement early in the week, with growing expectations of a rate cut by the ECB. After disappointing economic data, the ECB is widely anticipatedContinue Reading
Australian Dollar Slumps on U.S. Employment Data
Fundamental Analysis * Labor Lift: The AUD/USD pair is under significant pressure, nearing its August lows after the release of November’s US Nonfarm Payrolls (NFP) data. The US Bureau of Labor Statistics (BLS) reported a strong increase of 227,000 jobs, well above the prior 12,000 gain and exceeding the expected 200,000. Furthermore, Monthly Average HourlyContinue Reading
Central Banks’ Rate Moves: Markets Brace for Impact
Tuesday, 10 December 2024, 05:30 – RBA Interest Rate Decision (Dec) In November 2024, the Reserve Bank of Australia (RBA) decided to keep the cash rate at 4.35%. The bank’s reasoning was that while inflation had significantly decreased from its 2022 peak, it was still above the target range. Headline inflation dropped to 2.8% inContinue Reading
USD/CHF Slides Amid Dollar Weakness
Fundamental Analysis * Dollar Retreat: The USD/CHF pair came under selling pressure as the U.S. dollar weakened due to disappointing economic data. Recent softer-than-expected ADP Non-Farm Employment Change figures and a decline in ISM Non-Manufacturing PMI heightened bearish sentiment, weighing heavily on the greenback. Moreover, the Labor Department revealed a rise in initial jobless claimsContinue Reading
USD/CAD Rose Amid Rising BoC Rate Cut Bets
Fundamental Analysis * Fading Yen: The USD/CAD pair moved higher during early Thursday trading in Asia, fueled by rising expectations of a rate cut from the Bank of Canada (BoC). According to Statistics Canada, the nation’s economy expanded by 1% annually in the third quarter. This growth, which lags behind the BoC’s downgraded projections, coupledContinue Reading
