About: lishitong
Recent Posts by lishitong
Canadian Dollar Declines as Markets Anticipate BoC Rate Cut
Fundamental Analysis * Rate Cut In Sight: The Canadian Dollar continues to weaken against the U.S. dollar as the Bank of Canada is anticipated to lower interest rates. BoC Governor Tiff Macklem has signaled the possibility of another 50 basis point (bps) rate cut in December. “We’ve shown our willingness to implement a 50-basis-point reductionContinue Reading
EUR/USD Gains on Soft U.S. Jobs Data
Fundamental Analysis * Dollar Dip: The Euro strengthened against the U.S. dollar following Friday’s release of weaker-than-anticipated Nonfarm Payroll data. The U.S. Bureau of Labor Statistics reported that October’s NFP increased by only 12,000, after a downward revision in September’s figure to 223,000 from the initial 254,000, missing the expected 113,000. The Unemployment Rate heldContinue Reading
Countdown to Chaos? U.S. Election Set to Rock Markets
Tuesday, 5 November 2024, 05.30 – RBA Interest Rate Decision (Nov) The latest update from the Reserve Bank of Australia (RBA) shows that rates were held steady at 4.35% for the seventh meeting in a row in September, reflecting its cautious approach amid mixed economic signals. Under the leadership of Governor Michele Bullock, the RBAContinue Reading
Yen Gains Strength After Hawkish Signals from BoJ
Fundamental Analysis * Hawkish Shift: The Japanese Yen strengthened against the U.S. dollar after Bank of Japan (BoJ) Governor Kazuo Ueda hinted at a potential rate hike in his latest comments. While the BoJ opted to maintain short-term interest rates at 0.25% during Thursday’s meeting, it forecasted that inflation would remain close to its 2%Continue Reading
Kiwi Slips On Dovish Mood Around RBNZ
Fundamental Analysis * Kiwi Drift: The New Zealand Dollar continues to weaken, maintaining its downward momentum as the Reserve Bank of New Zealand (RBNZ) adopts a dovish stance. The RBNZ is expected to announce a further 50-basis-point rate cut at its November policy meeting, with some market speculation even suggesting a potential 75-basis-point reduction. NewContinue Reading
