About: lishitong
Recent Posts by lishitong
USD Stays Strong: Can Next Week’s Data Fuel More Gains
Tuesday, 15 October 2024, 14:30 – Canada CPI (YoY)(Sep) The latest release of Canada’s Consumer Price Index (CPI) for August 2024 showed a year-over-year increase of 2.0%, down from the previous 2.5% in July. The figures landing on the Bank of Canada’s target for the first time since 2021, leaving the door open for moreContinue Reading
Hot CPI, But Gold Rises on Tensions
Fundamental Analysis * Gold Surges Despite Better-than-Expected CPI? Gold initially declined after the inflation report but quickly rebounded as investors turned to safe-haven assets amid rising Middle East tensions. The recent Israeli airstrikes in Beirut fueled uncertainty, overshadowing the hotter-than-expected inflation data and reinforcing gold’s role as a hedge against geopolitical risks. This quick recoveryContinue Reading
Oil Prices Decline Amid Rising U.S. Crude Inventories
Fundamental Analysis * • Crude Build: Crude oil prices have dropped following a larger-than-expected rise in U.S. crude inventories. The Energy Information Administration reported a 5.8 million barrel increase in U.S. oil supplies last week, well above the projected 2-million-barrel gain. Oil prices also faced downward pressure due to the potential for de-escalation in theContinue Reading
USDJPY Rise On Strong Dollar, Data Slump
Fundamental Analysis * Spending Slump: The Japanese yen weakened further against the U.S. dollar as the greenback remained strong, driven by reduced expectations of a larger-than-anticipated rate cut. The CME FedWatch tool now shows traders predicting a 25-basis point cut for the Federal Funds rate in November, bringing it to 4.50%-4.75%. This shift comes afterContinue Reading
Aussie Drops After RBA Minutes, Dollar Recovery
Fundamental Analysis * Cautious Approach: The Australian dollar continue to extend losses against the U.S. dollar as markets assess the RBA’s September meeting minutes, which reflect a cautious approach. The Reserve Bank of Australia’s board considered both rate cuts and hikes but ultimately decided the current cash rate is the best course to manage inflationContinue Reading
