About: lishitong
Recent Posts by lishitong
Euro Falls Further on Dovish ECB Comments
Fundamental Analysis * Rate Cut Hints: The euro continues to slide against the dollar, reaching new two-month lows as dovish remarks from European Central Bank (ECB) officials and rising U.S. Treasury yields weigh on the currency. ECB member Mario Centeno hinted at potential rate cuts, while ECB President Christine Lagarde stated that disinflation is onContinue Reading
Oil Drops Amid Ongoing Weak Demand Outlook
Fundamental Analysis * Demand Doldrums: Crude oil prices stay under pressure due to persistent concerns over weak demand. Easing geopolitical tensions and softer global demand, especially from China, have maintained a bearish outlook for oil prices. Although China has introduced a stimulus package to boost economic growth, a structural shift in fuel consumption is expectedContinue Reading
Yen Gains as Dollar Rally Pauses
Fundamental Analysis * Greenback Pause: The USD/JPY has come under selling pressure as the U.S. dollar pulled back after a period of notable gains. In Japan, the National Core CPI, excluding volatile food and energy prices, rose to 2.1% in September, up from 2% in August. This increase in inflation has strengthened expectations that theContinue Reading
All Eyes on Canada Central Bank Next Week!
Wednesday, 23 October 2024, 15.45 – BoC Interest Rate Decision The latest Bank of Canada interest rate decision saw a 25-basis point cut on its previous meeting, bringing the key policy rate to 4.25%. This marks the third consecutive rate cut in 2024, a response to weakening economic conditions, such as reduced consumer spending, contractingContinue Reading
Pound Sterling Weakens After Positive U.S. Data Release
Fundamental Analysis * • Weak Pound: The pound remains weak as the U.S. dollar gains strength, driven by better-than-expected U.S. economic data. U.S. Retail Sales increased by 0.4%, outpacing the forecast of 0.3% and surpassing August’s 0.1% rise, with strong demand in retail, food stores, and clothing. Additionally, jobless claims fell to 241K, lower thanContinue Reading
