About: lishitong
Recent Posts by lishitong
All Eye On Powell’s Testimony
* Eyeing Powell’s testimony, be cautious about the impact on the dollar. *RBNZ’s interest rate is due tomorrow, and a potential hawkish stance from the RBNZ may bolster the Kiwi. *Gold slid as the Middle East Ceasefire talk progressed. Market Summary Jerome Powell’s 2-day testimony at Capitol Hill begins today, and traders will be closelyContinue Reading
Canadian Dollar Falls On Potential BoC Rate Cut
Fundamental Analysis * Loonie Dip: The Canadian Dollar has weakened against the U.S. Dollar due to anticipated consecutive rate cuts by the Bank of Canada (BoC). This expectation is fueled by turmoil in the labor market. Recently, Canada’s unemployment rate rose more than expected, hitting 6.4% compared to the forecasted 6.3% and the previous 6.2%.Continue Reading
Dollar Weaken On High Unemployment Rate
* The Dollar index weights on soft U.S. job data and edge lower. *Japanese Yen boosted by improved earning growth. *BTC erased most of its gain from last Friday and continued to trade with strong downside pressure. Market Summary Last Friday’s U.S. employment report delivered a mixed bag of results: Nonfarm Payrolls (NFP) surpassed expectationsContinue Reading
Uncertainty Looms? Data To Illuminate US Inflation Path
Wednesday, 10 July 2024, 04:00 – RBNZ Interest Rate Decision In May, the Reserve Bank of New Zealand (RBNZ) decided to maintain the Official Cash Rate (OCR) at 5.50%. This decision reflects a commitment to keeping monetary policy restrictive to manage inflationary pressures and ensure that inflation returns to the target range of 1-3% byContinue Reading
All Eye On Today’s NFP
* The dollar stood pat Yesterday while traders focused on today’s NFP. *The market is awaiting the UK general election result and its implications for the pound sterling. *BTC slid to below $56000 weight on Mt. Gox BTC repayment. Market Summary The UK general election 2024 was held on Thursday, and while the results areContinue Reading
