About: lishitong

The unemployment rate in the U.S. improved to 3.5%, but the Nonfarm Payroll saw a reduction to 187k, resulting in slightly easing the dollar. Last Friday, the United States experienced a blend of economic indicators. The unemployment rate in the country improved to 3.5%, but the Nonfarm Payroll saw a reduction to 187k, suggesting aContinue Reading

The Week Ahead: Week of 7 August (GMT+3) Tuesday, 8 August, 09:00 – EU German CPI (MoM) (Jul) In June, inflation rebounded, rising by 0.3% month-on-month, matching the preliminary figure. Currently, the market is anticipating the preliminary release of Germany’s Consumer Price Index (CPI) for July to stay at 0.3%. Following the ECB’s rate hikeContinue Reading

The Bank of England (BoE) delivered a 25 bps rate hike, with the BoE governor emphasising that the policy will remain tight. The dollar’s ascent of nearly 1% in August was further bolstered by the U.S. credit rating downgrade, pushing it close to the $103 threshold. However, yesterday U.S. economic data has tempered its surge,Continue Reading

U.S. equity markets declined after Fitch’s downgrade of U.S. treasuries. Last night, the financial market witnessed significant turbulence as Fitch’s downgrade of U.S. treasuries sent shockwaves. U.S. equity markets experienced a sharp decline, with Nasdaq leading the losses with a plunge of over 2%. Simultaneously, the U.S. 10-year bond yield surged to its highest levelContinue Reading

The announcement of Fitch has downgraded U.S. treasuries immediately affected gold prices. Fitch, the U.S. credit rating agency, has downgraded U.S. treasuries from their pristine AAA rating to AA+. The implications for the dollar remain to be seen, but the announcement immediately affected gold prices, which quickly surged by nearly 0.3%. In Asian markets, theContinue Reading