About: lishitong
Recent Posts by lishitong
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
Gold Increases After U.S. Data Falls Short.
Fundamental Analysis * Gold Glimmers: Gold remains in demand as market uncertainty grows, driven by weaker U.S. manufacturing data on Tuesday, which may lead to a downward revision of the U.S. interest rate outlook. The NY Empire State Manufacturing Index dropped to -11.4 in October, a steep fall from September’s 11.5 increase and well belowContinue Reading
Australian Dollar Dives Amid Continued Concerns Over China
Fundamental Analysis * China Jitters: The Australian Dollar remains on a downward trend against the US Dollar, fueled by increasing worries about China’s economic future, which is crucial for Australia as its largest trading partner. Investor concerns have heightened after September data from China revealed worsening deflationary pressures, raising questions about the impact of itsContinue Reading
NZD Falls on Weak China Data and Stronger US Dollar
Fundamental Analysis * Weak Kiwi: The New Zealand Dollar continues to weaken against the U.S. Dollar, pressured by deflation concerns in China, its largest trading partner. Uncertainty over Beijing’s economic stimulus efforts has raised concerns about future demand. China’s National Bureau of Statistics reported on Sunday that the country’s Consumer Price Index (CPI) was flatContinue Reading
