About: lishitong
Recent Posts by lishitong
USD/CAD Rose Amid Rising BoC Rate Cut Bets
Fundamental Analysis * Fading Yen: The USD/CAD pair moved higher during early Thursday trading in Asia, fueled by rising expectations of a rate cut from the Bank of Canada (BoC). According to Statistics Canada, the nation’s economy expanded by 1% annually in the third quarter. This growth, which lags behind the BoC’s downgraded projections, coupledContinue Reading
Japanese Yen Struggles as U.S. Dollar Strengthens
Fundamental Analysis * Fading Yen: The Japanese Yen weakened against the dollar as positive U.S. manufacturing and job openings data highlighted the resilience of the U.S. economy, boosting the Greenback. U.S. manufacturing activity continued to contract, though at a slower rate in November, with the ISM Manufacturing PMI improving to 48.4 from October’s 46.5, surpassingContinue Reading
Australian Dollar Falls Amid U.S.-China Trade War Concerns
Fundamental Analysis * Trade Tension: The Australian Dollar continued its decline against the US Dollar amid rising concerns over a potential trade conflict between the United States and China. U.S. President-elect Donald Trump has warned of imposing 100% tariffs on a group of nine nations if they pursue plans to establish a currency to rivalContinue Reading
Cautious Fed Expectations Lead to Decline in Gold Prices
Fundamental Analysis * Fed Watch Uncertainty: Gold prices, denominated in U.S. dollars, have dropped by 3%, marking the largest monthly decline of 2024. This fall was driven by expectations of a cautious Federal Reserve, which boosted the U.S. dollar and applied downward pressure on gold. Following Donald Trump’s victory in the November presidential election, thereContinue Reading
Dollar On The Brink, Job Data To Steer The Next Move
Monday, 2 December 2024, 17:00 – ISM Manufacturing PMI (Nov) Last month, the US economic activity in the manufacturing sector contracted once again, marking the seventh consecutive month of decline and the 23rd contraction in the past 24 months. The Manufacturing PMI dropped to 46.5 percent, down from 47.2 percent in September, reaching its lowestContinue Reading
