About: lishitong
Recent Posts by lishitong
Dovish Fed Bolsters Gold To All-Time High
* The Dollar plunged on poor economic data, Unemployment rate and Average Hourly Earnings both came short, while Nonfarm Payrolls beat market expectations. * Gold prices reach new highs driven by a pessimistic US economic outlook, upcoming US inflation report is highly anticipated. Fundamental Overview The US Dollar faces challenges as key employment indicators presentContinue Reading
Powell Promises Rate Cut, Will Next Week CPI Report Impact?
Tuesday, 12 March 2024, 14:30 – U.S CPI (YoY) (Feb) In January, the annual rate of inflation dropped less than expected to 3.1% from 3.4% in December. Numerous economists and Federal Reserve officials have cautioned that the final push to bring inflation back to the bank target of 2% would be a challenge. While FedContinue Reading
Dovish Fed Pressures Dollar
* The dollar Index (DXY) continues to plunge due to persistent dovish messages from Jerome Powell. * Gold prices continue to break their all-time high level and currently face strong resistance at the $2160 mark. * BTC has rebounded and is back to $67000 territory. Fundamental Overview In recent market developments, the U.S. dollar isContinue Reading
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
