About: lishitong

Fundamental Analysis * Fed-Fueled: The EUR/USD pair saw modest gains against the dollar as traders maintained expectations for a September interest rate cut by the US Federal Reserve, which weakened the Greenback. Recent US inflation data, reflected in the Personal Consumption Expenditures (PCE) Price Index, showed a slight easing from the previous year in June,Continue Reading

*Wall Street remains under rotation, the Nasdaq is under selling pressure, and the Rusell 2000 remains strong. *Tokyo CPI reading came at 2.2%, bolstering Yen’s strength. *Oil prices were stimulated by upbeat U.S. economic data yesterday. Market Summary Wall Street continues to face downside risks, with the Nasdaq and S&P 500 sliding in yesterday’s sessionContinue Reading

Tuesday, 30 July 2024, 16:00 – US CB Consumer Confidence (Jul) The U.S. Conference Board reported a slight decline in the US Consumer Confidence Index (CCI) for June 2024, dropping to 100.4 from 101.3 in May. This decline is primarily due to a fall in the Expectations Index, which decreased to 73.0 from 74.9. TheContinue Reading

Fundamental Analysis * Profit Pullback: The USD/CAD pair has paused and pulled back from its high as investors start profit-taking after absorbing stronger-than-expected U.S. GDP data. According to the Commerce Department’s Thursday report, the initial estimate of the US Real Gross Domestic Product (GDP) for April to June showed a 2.8% annualized growth rate, seasonallyContinue Reading

*Wall Street Plummet with Nasdaq plunged by more than 700 points on AI jitters. *Japanese Yen strengthened ahead of BoJ’s interest rate decision on heightened  Hawkish monetary policy expectations. *BTC and ETH dipped as the market’s risk appetite deteriorated. Market Summary The U.S. equity market experienced one of its worst trading days this year, withContinue Reading