About: lishitong
Recent Posts by lishitong
GBP/JPY Drops on Expectations of Dovish BoE Policy Shift
Fundamental Analysis * Doves Drive the Pound: The GBP/JPY pair has experienced a significant drop as increasing expectations of a dovish Bank of England (BoE) weigh on the British pound. BoE Governor Andrew Bailey stressed that a “gradual” approach to rate cuts is still suitable, which contrasts with market predictions of fewer rate reductions nextContinue Reading
Euro Weakens as Holiday Lull Meets Strong Dollar
Fundamental Analysis * Dollar Dominant: The Euro continued its decline against the dollar during the Asian session as trading volumes remained subdued, with markets still recovering from the New Year break. The Euro struggled to attract buyers, weighed down by a strong U.S. dollar, supported by a less dovish Federal Reserve. The U.S. central bankContinue Reading
New Year, New Market: 2025 Expected For Quiet Start!
Thursday, 2 January 2025, 09:00 – US ISM Manufacturing PMI (Dec) The latest U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) for November 2024 was 48.4%, exceed market expectation of 47.7 and also up from 46.5% in October. This indicates a continued contraction in the manufacturing sector, though at a slower pace. The slight improvement inContinue Reading
Euro Falls in Light Holiday Session, Dovish ECB Outlook
Fundamental Analysis * Holiday Hush: The Euro slipped against the U.S. dollar due to quiet trading, with many traders still on holiday before the New Year. Market sentiment was weighed down by a dovish stance from the European Central Bank (ECB), as Governing Council member Boris Vujcic suggested more rate cuts could be ahead ifContinue Reading
Yen Falls Further Amid BoJ Uncertainty on Rate Hikes
Fundamental Analysis * Rate Hike Skepticism: The Japanese Yen remains under pressure against the U.S. Dollar as doubts persist over the Bank of Japan’s (BoJ) rate hike plans. Minutes from the BoJ’s recent meeting, released on Tuesday, indicated a possibility of gradual rate increases if inflation aligns with projections, potentially reaching 1.0% by the endContinue Reading
