About: lishitong

Fundamental Analysis * ECB Alert: The Euro’s recent upward momentum faded as it dropped sharply after briefly exceeding 1.0900, with traders anticipating the ECB’s rate decision on Thursday. ECB officials are likely to signal another rate cut, but only after the extended summer break between meetings. Following June’s quarter-point reduction, another cut is expected inContinue Reading

* Donald Trump was shot in Pennsylvania when he was running for his presidential campaign, which strengthened the dollar as Geopolitical uncertainty arose. *Chinese GDP reading failed to meet market consensus, dragging Kiwi’s strength and pressure on oil prices. *Eye on today’s U.S. Retail Sales and its implication on the dollar. Market Summary Over theContinue Reading

Fundamental Analysis * PSI Bust: The New Zealand dollar has weakened against the US dollar due to a weaker-than-expected Business NZ Performance Services Index. The New Zealand service sector’s decline has accelerated, with the index dropping to 40.2 in June, marking its fourth consecutive monthly decrease and the lowest level of activity recorded in aContinue Reading

Tuesday, 16 July 2024, 08:30 – Canada CPI (MoM) (Jun) In May, Canada’s Consumer Price Index rose by 0.6%, surpassing both market forecasts of 0.6% and the previous figure of 0.5%. Statistics Canada attributes this increase primarily to higher food prices, especially for wheat-based products, which exerted notable inflationary pressures. Additionally, elevated energy expenses, particularlyContinue Reading

* The dollar dipped as the CPI came softer than the market expectation and fuels hope for a September rate cut. *Gold trades with strong bullish momentum and is heading to its all-time high territory. *Possible Japanese Authority intervention led to the Yen strengthening against the U.S. dollar by nearly 2% in the last session.Continue Reading