About: lishitong
Recent Posts by lishitong
Euro Holds Steady As ECB Rate Cut Decision Looms
Fundamental Analysis * ECB Alert: The Euro’s recent upward momentum faded as it dropped sharply after briefly exceeding 1.0900, with traders anticipating the ECB’s rate decision on Thursday. ECB officials are likely to signal another rate cut, but only after the extended summer break between meetings. Following June’s quarter-point reduction, another cut is expected inContinue Reading
U.S. Geopolitical Issue Boost Dollar’s Strength
* Donald Trump was shot in Pennsylvania when he was running for his presidential campaign, which strengthened the dollar as Geopolitical uncertainty arose. *Chinese GDP reading failed to meet market consensus, dragging Kiwi’s strength and pressure on oil prices. *Eye on today’s U.S. Retail Sales and its implication on the dollar. Market Summary Over theContinue Reading
NZD Falls On Weak Business PSI, Increased Risk Aversion
Fundamental Analysis * PSI Bust: The New Zealand dollar has weakened against the US dollar due to a weaker-than-expected Business NZ Performance Services Index. The New Zealand service sector’s decline has accelerated, with the index dropping to 40.2 in June, marking its fourth consecutive monthly decrease and the lowest level of activity recorded in aContinue Reading
Upcoming Weekly Adjustment on Index Dividend Notice
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. Please refer toContinue Reading
Inflation Watch: CPI Data Unveiled Across Countries
Tuesday, 16 July 2024, 08:30 – Canada CPI (MoM) (Jun) In May, Canada’s Consumer Price Index rose by 0.6%, surpassing both market forecasts of 0.6% and the previous figure of 0.5%. Statistics Canada attributes this increase primarily to higher food prices, especially for wheat-based products, which exerted notable inflationary pressures. Additionally, elevated energy expenses, particularlyContinue Reading
