About: lishitong
Recent Posts by lishitong
New Year, New Market: 2025 Expected For Quiet Start!
Thursday, 2 January 2025, 09:00 – US ISM Manufacturing PMI (Dec) The latest U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) for November 2024 was 48.4%, exceed market expectation of 47.7 and also up from 46.5% in October. This indicates a continued contraction in the manufacturing sector, though at a slower pace. The slight improvement inContinue Reading
Euro Falls in Light Holiday Session, Dovish ECB Outlook
Fundamental Analysis * Holiday Hush: The Euro slipped against the U.S. dollar due to quiet trading, with many traders still on holiday before the New Year. Market sentiment was weighed down by a dovish stance from the European Central Bank (ECB), as Governing Council member Boris Vujcic suggested more rate cuts could be ahead ifContinue Reading
Yen Falls Further Amid BoJ Uncertainty on Rate Hikes
Fundamental Analysis * Rate Hike Skepticism: The Japanese Yen remains under pressure against the U.S. Dollar as doubts persist over the Bank of Japan’s (BoJ) rate hike plans. Minutes from the BoJ’s recent meeting, released on Tuesday, indicated a possibility of gradual rate increases if inflation aligns with projections, potentially reaching 1.0% by the endContinue Reading
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
