About: lishitong
Recent Posts by lishitong
Oil Prices Decline Amid Reduced Middle East Tensions
Fundamental Analysis *Crude Calm: Crude oil prices have dropped due to expectations of reduced tensions in the Middle East, driven by ongoing diplomatic efforts and increasing U.S. crude stockpiles. U.S. Secretary of State Antony Blinken wrapped up his Middle East visit, aimed at advancing a ceasefire in Gaza. Blinken, along with mediators from Egypt andContinue Reading
Nasdaq Eyes Key Psychological Barrier As AI Growth Fuels Market Resilience
Fundamental Analysis *Equity Market Resilience Supported by Dropping Yields: The US equity market continues to show strength, with numerous analysts maintaining a positive outlook. Bank of America analysts highlight that US equities are well-positioned to maintain their upward trend, assuming economic growth remains stable. The potential for Fed rate cuts, alongside stabilized and decelerating inflation,Continue Reading
Gold Hits New Record High Amid Escalating Middle East Tensions
Fundamental Analysis * Safe-haven Demand: Gold prices have surged, reaching new record highs as a result of weaker US economic data, anticipation of Fed rate cuts, and escalating tensions in the Middle East. Concerns over potential retaliation by Iran against Israel due to ongoing conflicts have heightened geopolitical risks, fueling gold’s appeal as a safe-havenContinue Reading
Quiet Before the Storm? Markets Poised for a Relaxed Week
Tuesday, 20 August 2024, 14:30 – Canada CPI (YoY) (Jul) For June 2024, Canada’s CPI rose by 2.7% year-over-year, down from 2.9% previously. This decrease in core inflation is driven by a combination of slower economic growth and moderated wage growth, even with a strong labor market. With the current monetary policy and expectations ofContinue Reading
UK Pound Rises On Strong Economic Data
Fundamental Analysis * Upbeat Data: The pound strengthened against the dollar after positive U.K. data. Reports showed the U.K. economy grew as anticipated in Q2, with GDP up 0.6% quarter-on-quarter and 0.9% year-on-year. Annual GDP growth marked a solid rebound from the previous 0.3% figure. Moreover, U.K. Manufacturing Production surged 1.1% in June, well aboveContinue Reading
