About: lishitong
Recent Posts by lishitong
Dollar Index Plummets On Soft NFP And Unemployment Rate
The dollar index plummeted following last Friday’s U.S. Nonfarm Payroll report and the Unemployment rate data. The dollar index plummeted to September levels following last Friday’s U.S. Nonfarm Payroll report and the Unemployment rate data, indicating a softening job market and further easing U.S. inflation. Despite the softening dollar, commodity prices including gold and oilContinue Reading
All Eyes On U.S. Nonfarm Payroll
Before the release of the U.S. Nonfarm Payroll report, the dollar index faced a significant setback following disappointing U.S. job data. In anticipation of the pivotal U.S. Nonfarm Payroll report slated for release today, the dollar index faced a significant setback, dropping nearly 0.5% overnight. This decline follows disappointing U.S. job data, which has castContinue Reading
RBA Contemplates Rate Hike Amid Surging House Prices
The Week Ahead: Week of 6 Nov (GMT+3) Tuesday, 7 Nov, 06:30 – AU RBA Interest Rate Decision (Nov) There is a growing likelihood and concerns that the RBA will opt for another interest rate hike in the upcoming decision. This expectation is fueled by the resurgence of house prices, nearing previous all-time highs. TheContinue Reading
Fed’s Rate Pause Pressures Dollar’s Strength
In a highly anticipated move, the Federal Reserve opted for a pause in its interest rate trajectory, aligning with market predictions. In a highly anticipated move, the Federal Reserve opted for a pause in its interest rate trajectory, aligning with market predictions. Federal Reserve Chair Jerome Powell, while announcing the decision, left the door ajarContinue Reading
Japanese Yen Slides On BoJ Dovish Stance
The Japanese yen weakened against the USD after the Bank of Japan (BoJ) maintained its dovish stance. The Japanese Yen weakened against the USD, hitting its lowest level since last October, after the Bank of Japan (BoJ) maintained its dovish stance in its recent interest rate decision. Investors now anticipate a shift in Japan’s monetaryContinue Reading
