About: lishitong
Recent Posts by lishitong
Pound Drops as UK Unemployment Rate Rises
Fundamental Analysis * Jobless Surge: The pound has fallen against the dollar after disappointing employment figures from the UK. The Office for National Statistics (ONS) reported that the ILO Unemployment Rate rose to 4.3% in the three months ending in August, up from 4.0% and surpassing the expected 4.1%. During this period, UK employers addedContinue Reading
Gold Drops Amid Strong Dollar, Trump Policies
Fundamental Analysis * Dollar Pressure: Gold prices experienced their steepest weekly decline in five months, driven by speculation of a second term for Donald Trump, which has heightened fears of renewed trade tensions, bolstering the U.S. dollar. Overnight, Bloomberg reported warnings from BlackRock and JPMorgan that the U.S. bond sell-off “is far from over,” suggestingContinue Reading
Australian Dollar Slips Following Tariff Threat from Trump
Fundamental Analysis * Tariff Treat: The Australian dollar continues to face downward pressure against the U.S. dollar, driven by worries over Donald Trump’s recent proposal to hike tariffs on Chinese imports. With Australia being a key exporter to China, Trump’s suggested 60% tariff on all Chinese goods could have economic repercussions for Australia. Trump claimsContinue Reading
U.S. Election Aftershocks Fade, Data Back In Spotlight
Tuesday, 12 November 2024, 09.00 – German CPI (MoM)(Oct) Germany’s Consumer Price Index (CPI) for October 2024 rose by 0.4% month-on-month, surpassing the market’s expectation of a 0.2% increase and marking a recovery from the flat performance in September. This uptick was primarily driven by higher service prices and a rebound in goods prices. TheContinue Reading
USDCHF Rises As Fed Implements Another Rate Cut
Fundamental Analysis * Expected Cut: The USD/CHF pair has edged higher as markets absorb the Federal Reserve’s expected 25-basis-point rate cut. This latest quarter-point reduction, announced Thursday, follows a larger 50-basis-point cut from early September. Fed officials noted that the labor market has “generally eased,” with inflation nearing the central bank’s 2% target. While thisContinue Reading
