About: lishitong
Recent Posts by lishitong
Fed Pressured: Will CPI Data Fuels Calls for Rate Cuts？
Tuesday, 13 August 2024, 16:00 – US PPI (MoM) (Jul) The U.S Producer Price Index (PPI) for June showed a month-over-month increase of 0.2%, which was slightly above market expectations of 0.1%. This increase followed a flat reading in May and a decline of 0.2% in April, highlighting some volatility in producer prices over theContinue Reading
Japanese Yen Stays Weak After Dovish BoJ Stance
Fundamental Analysis * Yen Woes: The Japanese Yen remains under pressure against the dollar as investors digest the Bank of Japan’s dovish remarks. Reuters reports that BoJ Deputy Governor Shinichi Uchida recently indicated that the BoJ is not contemplating an interest rate hike due to market instability. He also noted that the BoJ’s approach toContinue Reading
GBP/USD Falters on BoE Rate Cut and Civil Unrest
Fundamental Analysis * Cable Struggle: The pound sterling is under pressure as markets speculate on two more Bank of England (BoE) rate cuts this year. The BoE recently lowered rates for the first time since March 2020, reducing the bank rate by 0.25 percentage points to 5%. BoE Governor Andrew Bailey indicated that future rateContinue Reading
Kiwi Rises Sharply On Robust New Zealand Jobs Data
Fundamental Analysis * Kiwi Rally: The New Zealand Dollar is gaining strength against the USD, driven by stronger-than-expected employment data from New Zealand. Traders are revising their expectations, reducing the likelihood of a rate cut by the Reserve Bank of New Zealand (RBNZ) next week. According to Statistics New Zealand’s data released on Wednesday, theContinue Reading
Oil Prices Recover Amid Escalating Middle East Tensions
Fundamental Analysis * Tension-Fueled: On Tuesday, oil prices jumped by more than $1, rebounding from the previous day’s drop as worries about escalating conflict in the Middle East overshadowed concerns about a potential U.S. recession affecting demand. The increase in oil prices is linked to heightened tensions between Israel and Iran, with both sides preparingContinue Reading
