About: lishitong
Recent Posts by lishitong
Dovish Fed’s Statement Hammers Dollar
*Jerome Powell signalled for a potential September rate hike. *The Japanese Yen dropped below 150 against the U.S. dollar, following the BoJ’s monetary tightening policy implemented yesterday. *Gold gained more than 1.5% in the last session on heightened Middle East tension. Market Summary The highly anticipated Fed’s interest rate decision was disclosed yesterday, hammering theContinue Reading
Will Gold Break Records Amid Fed Dovishness And Rising Tensions?
Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: Gold prices rebounded and extended their gains, driven by two major factors. First, the Federal Reserve’s dovish tone and hints at potential rate cuts bolstered demand for the non-yielding asset. Second, escalating tensions in the Middle East added to the safe-haven appeal of gold asContinue Reading
Nasdaq Plummet Ahead Of Fed’s Interest Rate Decision
*The Japanese Yen strengthened ahead of the BoJ interest rate decision with the expectation of a monetary tightening policy. *Aussie dollars softened toward the April low as the CPI reading aligned with the market consensus. *Nasdaq weighed on the AI frenzy and closed 200 points lower yesterday ahead of the Fed’s interest rate decision. MarketContinue Reading
Swiss Franc Rose Despite Positive U.S. Data, Rate Cut Pressure
Fundamental Analysis * Swiss Defiance: The Swiss Franc strengthened against the dollar even with stronger-than-expected U.S. economic data, as investors remained focused on the potential for a Federal Reserve rate cut. The Conference Board’s Consumer Confidence Index rose to 100.30 in July from a revised 97.8 in June, reflecting a modest improvement in U.S. consumerContinue Reading
Dollar Poise Ahead of FOMC Meeting Minutes
*Financial Market quiet ahead of crucial Fed’s interest rate decision and FOMC meeting minutes. *Eye on tomorrow’s Australian CPI reading that may bolster the Aussie dollar from bearish momentum. *Oil prices dropped to near a 2-month low as the deteriorating demand outlook weighed on the black gold. Market Summary The financial market remained relatively quietContinue Reading
