About: lishitong

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

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

*The strengthening of the Japanese Yen shattered the financial market. *The commodity market weighs on the deteriorating economic outlook. *BTC dropped below $55000 as the risk appetite in the crypto market was affected by the Macro uncertainty. Market Summary The aftermath of the Japanese yen’s strengthening has manifested in significant dips across multiple markets, includingContinue Reading

Fundamental Analysis * NFP Flop: The euro surged against the dollar following the disappointing U.S. Nonfarm Payrolls (NFP) data. In July, NFP increased by 114,000, a decline from the revised 179,000 in June and below the forecast of 185,000, according to the Labor Department’s report on Friday. The Unemployment Rate also rose to 4.3%, theContinue Reading

*BoE cut rate by 25 bps, Pound Sterling’s strength softened. *Japanese Yen continues to strengthen as the market anticipates another 25 bps rate hike from the BoJ by the end of this year. *Eyes on today’s NFP will be a pivotal factor for the dollar. Market Summary The spotlight was on the Bank of EnglandContinue Reading