About: lishitong

Fundamental Analysis * Gold Slide: Gold prices which trading against the greenback have declined as investors digest the latest U.S. inflation data. According to the Labor Department, July’s inflation figures were in line with predictions, with the headline Consumer Price Index (CPI) rising 0.2% month-over-month, leading to a 2.9% annual inflation rate. The core CPI,Continue Reading

Fundamental Analysis * Hawkish RBA: The Australian dollar has gained further strength against the US dollar, following a hawkish shift by the Reserve Bank of Australia (RBA). In economic updates, Australia’s Westpac Consumer Confidence rose by 2.8% in August, rebounding from a 1.1% drop in July. The Wage Price Index also increased by 0.8% inContinue Reading

Fundamental Analysis * Hawkish Fed: USD/CHF gained traction as the dollar strengthened at the start of the week, driven by hawkish comments from Fed Governor Michelle Bowman. She indicated that the Fed may hold off on rate cuts in September and noted persistent inflation risks from a strong labor market. Additionally, positive equity market sentimentContinue Reading

Fundamental Analysis * RBA Fuel: The Australian dollar has gained strength against the U.S. dollar in response to the RBA’s hawkish remarks. Last week, the RBA held its interest rate steady at 4.35% for the sixth consecutive meeting. RBA Governor Michele Bullock pointed out inflation risks and suggested a potential rate hike if necessary. WestpacContinue Reading

Tuesday, 13 August 2024, 16:00 – US PPI (MoM) (Jul) The U.S Producer Price Index (PPI) for June showed a month-over-month increase of 0.2%, which was slightly above market expectations of 0.1%. This increase followed a flat reading in May and a decline of 0.2% in April, highlighting some volatility in producer prices over theContinue Reading