About: lishitong
Recent Posts by lishitong
Wall Street Rallies On Powell’s Dovish Tone
* Dow Jones rallied to All-time high on Dovish Powell’s statement yesterday. *Gold jumped to near its all-time high level on a softening dollar. *Eyes on today’s U.S. Retail Sales reading to gauge the dollar’s strength. Market Summary As we step into the earnings report season, the U.S. equity market rallied, with the Dow JonesContinue Reading
Euro Holds Steady As ECB Rate Cut Decision Looms
Fundamental Analysis * ECB Alert: The Euro’s recent upward momentum faded as it dropped sharply after briefly exceeding 1.0900, with traders anticipating the ECB’s rate decision on Thursday. ECB officials are likely to signal another rate cut, but only after the extended summer break between meetings. Following June’s quarter-point reduction, another cut is expected inContinue Reading
U.S. Geopolitical Issue Boost Dollar’s Strength
* Donald Trump was shot in Pennsylvania when he was running for his presidential campaign, which strengthened the dollar as Geopolitical uncertainty arose. *Chinese GDP reading failed to meet market consensus, dragging Kiwi’s strength and pressure on oil prices. *Eye on today’s U.S. Retail Sales and its implication on the dollar. Market Summary Over theContinue Reading
NZD Falls On Weak Business PSI, Increased Risk Aversion
Fundamental Analysis * PSI Bust: The New Zealand dollar has weakened against the US dollar due to a weaker-than-expected Business NZ Performance Services Index. The New Zealand service sector’s decline has accelerated, with the index dropping to 40.2 in June, marking its fourth consecutive monthly decrease and the lowest level of activity recorded in aContinue Reading
Upcoming Weekly Adjustment on Index Dividend Notice
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. Please refer toContinue Reading
