About: lishitong

* The dollar index traded steadily at above the $104 mark ahead of today’s NFP. * Oil price rally to its highest level since last October as tension escalates in the Middle East. * BoJ’s Ueda hawkish comment yesterday bolsters the Japanese Yen. Fundamental Overview Gold prices have surged past another milestone, firmly holding aboveContinue Reading

* Gold Prices reached above the $2300 mark as the dollar further easing. * Dovish stance from Fed’s Powell hammers dollar lower. * All eyes on Friday NFP to gauge the strength of the dollar. Fundamental Overview Gold prices have surged past another milestone, firmly holding above the $2300 mark, driven by growing market sentimentContinue Reading

* Dollar index (DXY) rose to its highest level since last November, bolstered by upbeat economic data. * Australian dollar hammered by dovish March meeting minutes. * Gold bullish trend hindered by strong dollar while oil prices continue to edge higher. Fundamental Overview The Dollar Index (DXY) experienced a notable increase of nearly 0.5% inContinue Reading

Monday, 1st April 2024, 16:00 – ISM Manufacturing PMI (Mar) In February, economic activity within the U.S. manufacturing sector continued its contraction for the 16th consecutive month in February with the data stood 47.8 against 49.1 recorded in January, according to the Institute for Supply Management (ISM). The contraction was due to slowing demand andContinue Reading

* Dollar and Gold price poise ahead of crucial U.S. GDP reading. * U.S. Equity market spurs up at the end of the quarter. * Oil prices are stimulated by OPEC+ supply cut extension and heightened geopolitical uncertainties. Fundamental Overview The dollar index (DXY) advanced marginally today, buoyed by anticipation surrounding the upcoming release ofContinue Reading