About: lishitong

* Wall Street continues to rally as the U.S. Retail Sales reading supports the rate cut view. *Gold Prices surged to all-time high on a softening dollar. *BTC prices continue to surge on Donald Trump effect and passed the $65000 mark. Market Summary The U.S. equity market continued its rally in yesterday’s session, with theContinue Reading

Fundamental Analysis * Retail Resilience: The Japanese Yen weakened against the U.S. dollar after the market reacted to stronger-than-expected U.S. Retail Sales data. According to the U.S. Commerce Department, retail sales remained flat in June, defying Wall Street’s forecast of a 0.3% decrease in spending, as reported by Bloomberg. Additionally, May’s retail sales figures wereContinue Reading

* Dow Jones rallied to All-time high on Dovish Powell’s statement yesterday.  *Gold jumped to near its all-time high level on a softening dollar.  *Eyes on today’s U.S. Retail Sales reading to gauge the dollar’s strength. Market Summary As we step into the earnings report season, the U.S. equity market rallied, with the Dow JonesContinue Reading

Fundamental Analysis * ECB Alert: The Euro’s recent upward momentum faded as it dropped sharply after briefly exceeding 1.0900, with traders anticipating the ECB’s rate decision on Thursday. ECB officials are likely to signal another rate cut, but only after the extended summer break between meetings. Following June’s quarter-point reduction, another cut is expected inContinue Reading

* Donald Trump was shot in Pennsylvania when he was running for his presidential campaign, which strengthened the dollar as Geopolitical uncertainty arose. *Chinese GDP reading failed to meet market consensus, dragging Kiwi’s strength and pressure on oil prices. *Eye on today’s U.S. Retail Sales and its implication on the dollar. Market Summary Over theContinue Reading