About: lishitong

Fundamental Analysis * Crude Collapse: Crude oil prices have fallen to a six-week low amid expectations of a ceasefire in Gaza and increasing concerns about demand in China. Efforts to mediate a ceasefire between Israel and Hamas, based on a plan proposed by U.S. President Joe Biden in May and facilitated by Egypt and Qatar,Continue Reading

*Wall Street Rebound ahead of Mega Caps’ earning reports including Alphabet and Tesla. *New Zealand dollar trades in a significant bearish momentum as the RBNZ dovish pivot weighs on the Kiwi. Market Summary Wall Street rallied in the last session as investors anticipate earnings reports from mega-caps including Alphabet and Tesla, due later today. MitigatedContinue Reading

Fundamental Analysis * Kiwi Tumble: The New Zealand dollar is under sustained pressure due to growing expectations of an imminent rate cut by the Reserve Bank of New Zealand (RBNZ). This outlook has been fueled by weaker Consumer Price Index (CPI) inflation figures for New Zealand in the second quarter (Q2). The quarterly CPI inflationContinue Reading

*Biden’s Withdrawal from U.S. presidential election may bolster the dollar strength in the New York session today. *Oil prices found support as the Chinese Central Bank (PBoC) cut its borrowing rate today. *BTC prices strengthen as the selling pressure eases and Trump gaining winning odds stimulates the BTC prices. Market Summary Biden’s withdrawal from theContinue Reading

Fundamental Analysis * Yen Falter: The Japanese Yen (JPY) weakened against the US Dollar following the release of mixed inflation data on Friday. Japan’s National Consumer Price Index (CPI) for June held steady at 2.8%, consistent with the previous month’s figure and maintaining its highest level since February. However, Core CPI inflation rose to 2.6%,Continue Reading