About: lishitong
Recent Posts by lishitong
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
Gold Pulls Back as Robust US Data Suggests Modest Rate Cut
Fundamental Analysis * Smaller Cut: Gold prices have pulled back from recent highs following a stronger-than-expected US jobs report, suggesting the labor market remains robust. This strengthens the case for the Federal Reserve (Fed) to gradually ease its policy in 25-basis-point (bps) increments. The US Bureau of Labor Statistics (BLS) reported an impressive increase ofContinue Reading
Middle East Fuel Safe-Haven, Would Data Further Boost?
Wednesday, 9 October 2024, 03:00 – RBNZ Interest Rate Decision (Q2) In August, The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 5.25%, marking the first reduction in over four years. This decision is primarily driven by a cooling in price pressures and a slowdown inContinue Reading
Euro Declines Following Disappointing EU Data
Fundamental Analysis * Data Slump: The Euro is losing ground against the dollar after weak inflation data has cast a gloomy outlook for the Eurozone. The Consumer Price Index (CPI) dropped to 1.8%, marking the first time in 39 months it has fallen below the European Central Bank’s (ECB) 2.0% target. This raises the likelihoodContinue Reading
GBPUSD Dips Amid Fresh US Dollar Demand
Fundamental Analysis * Flight To Safety: The GBPUSD pair continues to decline during early Asian trading as the US Dollar (USD) strengthens, fueled by rising safe-haven demand due to escalating conflict in the Middle East. On Tuesday night, Iran fired roughly 200 missiles, including ballistic ones, targeting Israel’s capital, Tel Aviv, in response to HezbollahContinue Reading
