About: lishitong
Recent Posts by lishitong
GBP/USD Falters on BoE Rate Cut and Civil Unrest
Fundamental Analysis * Cable Struggle: The pound sterling is under pressure as markets speculate on two more Bank of England (BoE) rate cuts this year. The BoE recently lowered rates for the first time since March 2020, reducing the bank rate by 0.25 percentage points to 5%. BoE Governor Andrew Bailey indicated that future rateContinue Reading
Kiwi Rises Sharply On Robust New Zealand Jobs Data
Fundamental Analysis * Kiwi Rally: The New Zealand Dollar is gaining strength against the USD, driven by stronger-than-expected employment data from New Zealand. Traders are revising their expectations, reducing the likelihood of a rate cut by the Reserve Bank of New Zealand (RBNZ) next week. According to Statistics New Zealand’s data released on Wednesday, theContinue Reading
Oil Prices Recover Amid Escalating Middle East Tensions
Fundamental Analysis * Tension-Fueled: On Tuesday, oil prices jumped by more than $1, rebounding from the previous day’s drop as worries about escalating conflict in the Middle East overshadowed concerns about a potential U.S. recession affecting demand. The increase in oil prices is linked to heightened tensions between Israel and Iran, with both sides preparingContinue Reading
Upcoming Changes to Trading Hours
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming August holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in PU Xtrader.) Note: In the event of reduced liquidity in theContinue Reading
NFP Hammers Dollar To 4 Months Low
*The strengthening of the Japanese Yen shattered the financial market. *The commodity market weighs on the deteriorating economic outlook. *BTC dropped below $55000 as the risk appetite in the crypto market was affected by the Macro uncertainty. Market Summary The aftermath of the Japanese yen’s strengthening has manifested in significant dips across multiple markets, includingContinue Reading
