About: lishitong
Recent Posts by lishitong
Dollar Power! Set to Hold Strong with Quiet Data Ahead
Tuesday, 19 November 2024, 12:00 – Eurozone CPI (YoY) (Oct) In October, annual inflation in the Eurozone rose, with the preliminary Eurozone CPI reading climbing to 2% from 1.7% in September, according to Eurostat. The main contributors to this increase were higher prices in services, food, alcohol, and tobacco. The European Central Bank stated thatContinue Reading
NZDUSD Losses Deepen Following US PPI Data
Fundamental Analysis * Persistent Inflation: The New Zealand Dollar continues its downward trend, reaching a three-month low as the U.S. dollar gains strength, bolstered by recent U.S. inflation figures. October’s Producer Price Index (PPI), which gauges inflation at the producer level, met forecasts, showing a 0.2% monthly rise after a revised 0.1% increase in theContinue Reading
USD/JPY Rises Further After U.S. CPI Data Release
Fundamental Analysis * Inflation Grip: The Japanese Yen continues to weaken against a strengthening U.S. Dollar following the release of U.S. CPI inflation data. The Consumer Price Index (CPI) report didn’t signal the inflation slowdown markets had hoped for, but it met expectations. Monthly headline CPI held steady at 0.2%, as forecasted, while the annualContinue Reading
Pound Drops as UK Unemployment Rate Rises
Fundamental Analysis * Jobless Surge: The pound has fallen against the dollar after disappointing employment figures from the UK. The Office for National Statistics (ONS) reported that the ILO Unemployment Rate rose to 4.3% in the three months ending in August, up from 4.0% and surpassing the expected 4.1%. During this period, UK employers addedContinue Reading
Gold Drops Amid Strong Dollar, Trump Policies
Fundamental Analysis * Dollar Pressure: Gold prices experienced their steepest weekly decline in five months, driven by speculation of a second term for Donald Trump, which has heightened fears of renewed trade tensions, bolstering the U.S. dollar. Overnight, Bloomberg reported warnings from BlackRock and JPMorgan that the U.S. bond sell-off “is far from over,” suggestingContinue Reading
