About: lishitong
Recent Posts by lishitong
Yen Gains Strength After Hawkish Signals from BoJ
Fundamental Analysis * Hawkish Shift: The Japanese Yen strengthened against the U.S. dollar after Bank of Japan (BoJ) Governor Kazuo Ueda hinted at a potential rate hike in his latest comments. While the BoJ opted to maintain short-term interest rates at 0.25% during Thursday’s meeting, it forecasted that inflation would remain close to its 2%Continue Reading
Kiwi Slips On Dovish Mood Around RBNZ
Fundamental Analysis * Kiwi Drift: The New Zealand Dollar continues to weaken, maintaining its downward momentum as the Reserve Bank of New Zealand (RBNZ) adopts a dovish stance. The RBNZ is expected to announce a further 50-basis-point rate cut at its November policy meeting, with some market speculation even suggesting a potential 75-basis-point reduction. NewContinue Reading
Gold Prices Steady Despite Middle East Risk Eases
Fundamental Analysis * • Gold Resillience: Gold prices recovered earlier declines and held firm despite fading worries of broader conflict impacting safe-haven demand. Middle East tensions lessened as Israel avoided strikes on Iran’s oil and nuclear sites, with Iranian officials downplaying the event even as Tehran issued retaliatory warnings. Nonetheless, gold demand remains strong amidContinue Reading
Political Instability Sends Yen Plunging
Fundamental Analysis * Coalition Collapse: The Japanese Yen has experienced a notable decline against the dollar, driven by political turmoil in Japan. For the first time in 15 years, Japan’s dominant ruling party has lost its majority, as indicated by Sunday’s national election results, sparking concerns about stability in the world’s fourth-largest economy and theContinue Reading
Gold Flat, Eye on Potential Risk Sentiment
Fundamental Analysis * Risk-Off Sentiment: In the short term, better-than-expected US economic data has shifted market sentiment, sparking a selloff in gold as investors gravitate towards riskier assets. Nonetheless, the long-term outlook for gold remains bullish, driven by heightened geopolitical tensions in the Middle East and the uncertainty surrounding the upcoming US Presidential Election. Additionally,Continue Reading
