About: lishitong
Recent Posts by lishitong
Outsized ADP Nonfarm Employment Fizzles Stock Rally give back
On Wednesday evening (GMT+3), the US ADP Nonfarm Employment data was released, clocking in at 208,000 jobs added, better than the 200,000 forecasted and August’s 185,000. While the manufacturing, natural resources, and mining industries reported a loss of 29,000 positions, huge additions in the trade, transportation, utilities; and business and professional services sectors more thanContinue Reading
Bank of English Stages Emergency Bond Buying as Pound Plunges
Bank of English Stages Emergency Bond Buying as Pound Plunges The Bank of England, UK’s Central Bank, has announced this week a temporary gilt-buying programme to urgently respond to a “material risk to UK financial stability” after the pound went into free fall after new prime minister Liz Truss announced tax cuts and other spendingContinue Reading
Pound Freefall Prompts BoE Emergency Bond-Buying
The Bank of England, the UK’s Central Bank, has announced this week a temporary gilt-buying programme to urgently respond to a “material risk to UK financial stability”. This comes as gilt yields were on course for record highs as investors exited UK’s bonds after the government announced underfunded tax cuts and increased spending even asContinue Reading
How To Invest In And Trade Gold
Gold has been used as a store of value for thousands of years. Even today, it remains a highly liquid asset, with hundreds of billions worth traded every day. Content: What Is Gold And Gold Trading? What Affects The Price Of Gold? Why Gold Trading? How To Start Trading Gold? How To Read And AnalyseContinue Reading
Currencies Hit Record Levels Against USD
As risk appetites move ever lower and the US dollar soars, sovereign currencies are seeing the effects of global economic uncertainty. The pound has hit a record low against the greenback after the UK government introduced a new stimulus package just after the appointment of conservative party candidate Liz Truss as Prime Minister. The poundContinue Reading
