About: lishitong
Recent Posts by lishitong
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
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
