About: lishitong
Recent Posts by lishitong
USDJPY Holds Steady as BoJ Rate Hike Delay Anticipated
Fundamental Analysis * Yen Drift: The Japanese Yen (JPY) weakened against the US Dollar as concerns grew that the Bank of Japan (BoJ) isn’t in a hurry to raise interest rates. Following Friday’s policy decision, Governor Kazuo Ueda signaled that rate hikes would be considered if inflation trends align with forecasts. Ueda noted that Japan’sContinue Reading
Pound Rises Amid Weak Dollar After Fed Decision
Fundamental Analysis * Post Fed Pop: The pound sterling continues to gain strength against the dollar, as the greenback remains fragile following the Federal Reserve’s recent shift toward a rate-cutting cycle. Last week, the Fed’s unexpected decision to implement a double rate cut has weakened USD flows, pushing GBP to the upper range. In termsContinue Reading
Oil Gains Amid US Rate Cut, Geopolitical Tensions
Fundamental Analysis * Crude Surge: Oil prices edged up slightly in early Monday trading, driven by concerns that the ongoing conflict in the Middle East could disrupt supply from the key producing region. Additionally, expectations that last week’s U.S. interest rate cut will boost demand also supported prices. Investors are still assessing the Federal Reserve’sContinue Reading
Fed’s Jumbo Rate Cut, Market Set To Rattle
Monday, 23 September 2024, 15:45 – US Manufacturing PMI (Sep) The S&P Global US Manufacturing PMI was revised slightly down to 47.9 in August 2024 from a preliminary of 48. The data continued to point to the most marked deterioration in the health of the manufacturing sector so far this year. Production decreased for theContinue Reading
USD/JPY Declines On BoJ Rate Hike Bets
Fundamental Analysis * BoJ Hike Bets: The Japanese yen has strengthened against the dollar as traders reassess their positions in light of a potential future rate hike from the Bank of Japan (BoJ). Recent economic data showed Japan’s Core Consumer Price Index (CPI) rose to a 10-month high of 3.0% in August, up from 2.8%Continue Reading
