About: lishitong
Recent Posts by lishitong
Pound Drops as US CPI and UK GDP Data Impact Markets
Fundamental Analysis * Data Dilemma: The pound sterling fell against the dollar as market reactions to recent U.S. inflation data weighed on it. U.S. core CPI held steady at 3.2% year-over-year in August, meeting expectations, while monthly CPI and core CPI increased by 0.2% and 0.3%, respectively, surpassing forecasts. This led traders to lower theContinue Reading
Gold Rises on Lower Treasury Yields, Weaker Dollar
Fundamental Analysis * Inflation Watch: Gold prices climbed during the Asian session as traders reacted to a dip in U.S. Treasury yields, while awaiting a key U.S. inflation report. The 10-year Treasury yield dropped 5 basis points to 3.648%, and the 2-year yield decreased 6 basis points to 3.607%. Investors are now turning their attentionContinue Reading
Euro Falls Amid Rising Speculation of ECB Rate Cuts
Fundamental Analysis * ECB Cut Watch: The euro continued to decline against the dollar as expectations grew that the European Central Bank (ECB) would cut rates at its September 12 meeting. The ECB is expected to unveil economic forecasts, likely downgrading growth and inflation estimates. Money markets are pricing in rate cuts of 50 toContinue Reading
Aussie Drops After Mixed U.S. Jobs Report
Fundamental Analysis * NFP Aftermath: The Australian Dollar turned negative and declined against the U.S. Dollar following the release of August’s U.S. Non-Farm Payrolls (NFP) report. The data revealed weaker-than-expected job growth, with 142K new jobs added, falling short of the forecasted 160K but still above July’s revised figure of 89K (originally 114K). Despite theContinue Reading
Yen Rises on Strong Data, Potential BoJ Rate Hike
Fundamental Analysis * Data-driven: The Japanese Yen has strengthened against the U.S. dollar, driven by positive economic data. Japan’s Labor Cash Earnings rose 3.6% year-on-year in July, down from June’s 4.5% but still above the 3.1% forecast. This strong performance has sparked speculation that the Bank of Japan (BoJ) might increase interest rates before year-end.Continue Reading
