About: lishitong

Fundamental Analysis * Smaller Cut: Gold prices have pulled back from recent highs following a stronger-than-expected US jobs report, suggesting the labor market remains robust. This strengthens the case for the Federal Reserve (Fed) to gradually ease its policy in 25-basis-point (bps) increments. The US Bureau of Labor Statistics (BLS) reported an impressive increase ofContinue Reading

Wednesday, 9 October 2024, 03:00 – RBNZ Interest Rate Decision (Q2) In August, The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 5.25%, marking the first reduction in over four years. This decision is primarily driven by a cooling in price pressures and a slowdown inContinue Reading

Fundamental Analysis * Data Slump: The Euro is losing ground against the dollar after weak inflation data has cast a gloomy outlook for the Eurozone. The Consumer Price Index (CPI) dropped to 1.8%, marking the first time in 39 months it has fallen below the European Central Bank’s (ECB) 2.0% target. This raises the likelihoodContinue Reading

Fundamental Analysis * Flight To Safety: The GBPUSD pair continues to decline during early Asian trading as the US Dollar (USD) strengthens, fueled by rising safe-haven demand due to escalating conflict in the Middle East. On Tuesday night, Iran fired roughly 200 missiles, including ballistic ones, targeting Israel’s capital, Tel Aviv, in response to HezbollahContinue Reading

Fundamental Analysis * Weak Data: The Canadian dollar has gained strength against the U.S. dollar after weak U.S. economic data was released. The Institute for Supply Management (ISM) reported that the Manufacturing Purchasing Managers Index (PMI) for September held steady at 47.2, falling short of the market’s expectation of 47.5. This is the sixth consecutiveContinue Reading