About: lishitong
Recent Posts by lishitong
Dovish Powell’s Testimony Hammers Dollar
* The dollar index traded to its one-month low after a Dovish Testimony by Jerome Powell. * The soft dollar has pushed the gold to break its all-time high levels with strong bullish momentum in sight. * BTC rebounded and is back to $67000 territory. Fundamental Overview The Powell testimony that began yesterday brought anContinue Reading
Gold Poise At All-Time High Levels
* U.S. equity markets pulled back from a previous AI rally ahead of the Fed’s testimony. * Gold prices are approaching their all-time high levels, fueled by risk-off sentiment. * BTC plunged more than 10% after it traded beyond its all-time high at $68980. Fundamental Overview U.S. equity markets are displaying signs of exhaustion afterContinue Reading
Dollar Mutes Ahead of Powell’s Testimony
* Gold prices are on the brink to hit its all time high ahead of Powell’s testimony on Wednesday. * Tokyo Core CPI came in line with the market expectation with an increase from the previous reading fuels hope for a rate hike from BoJ. * TC surged to above the $68000 mark for theContinue Reading
Dollar Hammers By Downbeat PMI Readings
* Poor ISM PMI readings put pressure on dollar strength. * Traders’ eyes on Tokyo Core CPI due tomorrow to gauge the Yen’s strength. * OPEC+ will extend oil supply cuts to the second quarter of 2024 to avert a global surplus. Fundamental Overview The recent release of ISM PMI readings, which fell short ofContinue Reading
Dollar Fuels by U.S. PCE Reading
* U.S. PCE reading meets market expectations; hope for a June rate cut is fading. *Gold prices trade to their one-month high on the last day of February. *Upbeat Chinese PMI readings boost oil prices and Chinese proxy currencies, such as the Australian dollar. Fundamental Overview The highly anticipated U.S. Personal Consumption Expenditures (PCE) reading,Continue Reading
