About: lishitong

Fundamental Analysis * NFP Flop: The euro surged against the dollar following the disappointing U.S. Nonfarm Payrolls (NFP) data. In July, NFP increased by 114,000, a decline from the revised 179,000 in June and below the forecast of 185,000, according to the Labor Department’s report on Friday. The Unemployment Rate also rose to 4.3%, theContinue Reading

*BoE cut rate by 25 bps, Pound Sterling’s strength softened. *Japanese Yen continues to strengthen as the market anticipates another 25 bps rate hike from the BoJ by the end of this year. *Eyes on today’s NFP will be a pivotal factor for the dollar. Market Summary The spotlight was on the Bank of EnglandContinue Reading

Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: The Pound Sterling experienced significant bearish momentum following the Bank of England’s decision to cut interest rates by 25 basis points, down to 5.00%. Meanwhile, market volatility is rising ahead of the release of crucial Nonfarm Payrolls and Unemployment rate data, alongside escalating Middle EastContinue Reading

*Jerome Powell signalled for a potential September rate hike. *The Japanese Yen dropped below 150 against the U.S. dollar, following the BoJ’s monetary tightening policy implemented yesterday. *Gold gained more than 1.5% in the last session on heightened Middle East tension. Market Summary The highly anticipated Fed’s interest rate decision was disclosed yesterday, hammering theContinue Reading

Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: Gold prices rebounded and extended their gains, driven by two major factors. First, the Federal Reserve’s dovish tone and hints at potential rate cuts bolstered demand for the non-yielding asset. Second, escalating tensions in the Middle East added to the safe-haven appeal of gold asContinue Reading