About: lishitong
Recent Posts by lishitong
EUR/USD Rises on EU PMI, Eyes Turn to Fed
Fundamental Analysis * Data Glow: The euro posted slight gains against the dollar but lacked strong momentum following the release of the latest EU Manufacturing PMI data. The Eurozone Manufacturing PMI, reported by the Hamburg Commercial Bank (HCOB), rose to 45.2 in December, beating the 45.0 forecast. Meanwhile, the bloc’s Services PMI climbed to 51.4Continue Reading
USDJPY Climbs as Expectations of BoJ Tightening Wane
Fundamental Analysis * Dimmed Expectations: The Japanese Yen continued to weaken against the dollar, reaching a two-week low following dovish comments from the Bank of Japan (BoJ), which reduced expectations for a rate hike. According to a Bloomberg report citing BoJ officials, the bank sees little risk in postponing rate increases. This has led toContinue Reading
Will the the Fed Deliver a Shocking Twist Next Week?
Tuesday, 17 December 2024, 15:30 – US Retail Sales (MoM) (Nov) The U.S. retail sales for October rose by 0.4% month-over-month, surpassing the market expectation of 0.3%. This marks the continuation of robust consumer spending, with retail and food services sales growing from $716.03 billion in September to $718.87 billion. Contributing factors include a stableContinue Reading
Pound Sterling Falls Amid Strong U.S. PPI Data
Fundamental Analysis * Persistent Inflation: The pound sterling, which had been trading higher against the dollar, reversed its gains and turned lower following the release of the U.S. Producer Price Index (PPI) data. The report showed headline PPI rising to 3%, beating forecasts and the previous reading of 2.6%. Similarly, core PPI, which excludes theContinue Reading
US Inflation Signals Fed Easing, Gold Rises
Fundamental Analysis * US Disinflation: The price of gold has increased against the U.S dollar after key inflation figures were published in the United States. The US Bureau of Labor Statistics (BLS) indicated that the headline CPI increased by 0.3% month-over-month, which is a tenth above expectations yet consistent with forecasts. Core CPI held steadyContinue Reading
