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About: lishitong

Recent Posts by lishitong

GBP/JPY Drops on BoJ Intervention Concerns

Fundamental Analysis * Yen-tervention Jitters: The GBP/JPY pair has extended its decline, driven by concerns over possible market intervention by Japanese authorities to stabilize the yen. According to reports, Japan’s Finance Minister Katsunobu Kato issued verbal warnings on Tuesday, affirming that the government would take necessary steps to address excessive currency fluctuations, including those causedContinue Reading

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NZD/USD Weakens on Solid U.S. Data

Fundamental Analysis * Robust Data: The New Zealand dollar declined against the U.S. dollar following positive U.S. economic data, which hinted at a possible slowdown in the Federal Reserve’s rate cuts. December saw a pickup in U.S. services sector activity, with the ISM Services PMI climbing to 54.1 from 52.1 in November, surpassing the expectedContinue Reading

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USD/CAD Gains Amid Reports Involving Trump and Trudeau

Fundamental Analysis * Political Uncertainties: USD/CAD regained some momentum during the early Asian session on Tuesday, driven by a stronger U.S. dollar. President-elect Donald Trump dismissed claims of scaling back his tariff plans, reiterating their wide-reaching scope and amplifying market volatility concerns ahead of his inauguration. Market participants remain wary of potential disruptions as furtherContinue Reading

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USD/CHF Climbs as Expectations for Fewer Rate Cuts Increase

Fundamental Analysis * Persistent Inflation: The USD/CHF pair continues its upward momentum, buoyed by growing expectations of fewer rate cuts from the Federal Reserve (Fed). Inflation in the United States remains persistently above the Fed’s 2% target, signaling that the central bank is likely to maintain higher interest rates for a longer period compared toContinue Reading

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Dollar Reign Supreme, US Jobs Eyed Next Week!

Tuesday, 7 January 2025, 17:00 – US ISM Non-Manufacturing PMI (Dec) The U.S. ISM Non-Manufacturing PMI for November registered at 52.1, falling short of the market’s expectation of 55.5. While the reading indicates continued growth in the U.S. services sector, it reflects a slower pace than October’s figure of 56.0. This slowdown was mainly attributedContinue Reading

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