About: lishitong
Recent Posts by lishitong
Australian Dollar Struggles Following RBA Meeting Minutes
Fundamental Analysis * RBA Retreat: The Australian Dollar continues to face pressure against the US Dollar after the Reserve Bank of Australia’s (RBA) December Meeting Minutes highlighted diminished upside risks to inflation. This has strengthened expectations for a possible rate cut in early 2025, weighing heavily on investor sentiment toward the currency. Adding to theContinue Reading
GBP/JPY Holds Strong Following BoJ’s Dovish Stance
Fundamental Analysis * Dovish Note: The pound sterling has slumped against the dollar, driven by robust U.S. employment data and a strong GDP report. Ahead of the New York session, reports highlighted a solid labor market and sustained economic expansion. Initial Jobless Claims for the week ending December 14 fell from 242K to 220K, outperformingContinue Reading
Christmas Around The Corner, Quiet Markets Expected
Monday, 23 December 2024, 09:00 – UK GDP (YoY) (Q3) In November, the UK’s preliminary GDP reading for the third quarter of 2024 showed a 1.0% increase, surpassing market expectations of 0.1% and improving on the previous quarter’s 0.7% growth. This expansion was driven by various sectors, with the services sector—representing a major share ofContinue Reading
Pound Sinks as Robust US Data Strengthens Dollar
Fundamental Analysis * Sterling Slide: The pound sterling has slumped against the dollar, driven by robust U.S. employment data and a strong GDP report. Ahead of the New York session, reports highlighted a solid labor market and sustained economic expansion. Initial Jobless Claims for the week ending December 14 fell from 242K to 220K, outperformingContinue Reading
Gold Prices Decline as the Fed Adopts a More Hawkish Stance
Fundamental Analysis * Hawkish Note: Gold prices have dropped against the dollar as Federal Reserve Chairman Jerome Powell signaled a hawkish outlook following a rate cut and a shift in projections toward a less dovish stance. The Fed reduced interest rates by 25 basis points, bringing them to a range of 4.25%-4.50%. However, the decisionContinue Reading
