About: lishitong
Recent Posts by lishitong
Dollar Spurs By Upbeat NFP
* Last Friday, NFP came strong, bolstering the U.S. dollar. * The Japanese wage growth slide led the yen trade to a critical level against the dollar. * Oil prices decline as the Middle East tension eases. Fundamental Overview The U.S. labor market’s vigorous expansion, with the Non-Farm Payroll (NFP) report disclosing an impressive 303,000Continue Reading
Rate Rumble: RBNZ, BoC, and ECB Take Centre Stage
Wednesday, 10th April 2024, 04:00 – RBNZ Interest Rate Decision The New Zealand central bank maintain its benchmark interest rate at 5.50% as expected during its previous meeting. While there was no surprise of the central bank paused rates, the less hawkish tone was a surprise as 23% of the market surveyed by Reuters predictedContinue Reading
Optimistic Expectation On NFP Support Dollar
* 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 Breaks Above $2300 On Soften Dollar
* 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 Stimulates By Upbeat PMIs
* 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
