About: lishitong

Fundamental Analysis * Kiwi Drift: The New Zealand Dollar continues to weaken, maintaining its downward momentum as the Reserve Bank of New Zealand (RBNZ) adopts a dovish stance. The RBNZ is expected to announce a further 50-basis-point rate cut at its November policy meeting, with some market speculation even suggesting a potential 75-basis-point reduction. NewContinue Reading

Fundamental Analysis * • Gold Resillience: Gold prices recovered earlier declines and held firm despite fading worries of broader conflict impacting safe-haven demand. Middle East tensions lessened as Israel avoided strikes on Iran’s oil and nuclear sites, with Iranian officials downplaying the event even as Tehran issued retaliatory warnings. Nonetheless, gold demand remains strong amidContinue Reading

Fundamental Analysis * Coalition Collapse: The Japanese Yen has experienced a notable decline against the dollar, driven by political turmoil in Japan. For the first time in 15 years, Japan’s dominant ruling party has lost its majority, as indicated by Sunday’s national election results, sparking concerns about stability in the world’s fourth-largest economy and theContinue Reading

Fundamental Analysis * Risk-Off Sentiment: In the short term, better-than-expected US economic data has shifted market sentiment, sparking a selloff in gold as investors gravitate towards riskier assets. Nonetheless, the long-term outlook for gold remains bullish, driven by heightened geopolitical tensions in the Middle East and the uncertainty surrounding the upcoming US Presidential Election. Additionally,Continue Reading

Wednesday, 30 October 2024, 14.15 – ADP Nonfarm Employment Change (Oct) The U.S. private payrolls increased more than expected in September, boosted by hiring in the construction, leisure and hospitality industries, adding to the evidence of a stable labor market. Private payrolls increased by 143,000 jobs last month after rising by an upwardly revised 103,000Continue Reading