About: lishitong

Fundamental Analysis * Supply Concerns: Oil prices held steady in early Friday trading as investors weighed supply concerns in the Middle East against signs of weakening demand. Reports show that more than half of Libya’s oil output, around 700,000 barrels per day (bpd), was shut down on Thursday, with exports suspended at several ports dueContinue Reading

Fundamental Analysis * Business Boom: The New Zealand Dollar sees increased buying interest as the nation’s business confidence surges in August. ANZ Bank’s survey revealed that New Zealand’s business confidence soared to its highest level in a decade, with forward-looking activity indicators showing significant growth. The headline figure indicated that a net 50.6% of respondentsContinue Reading

Fundamental Analysis *Dove Echoes: The Canadian Dollar extends its gains as the market absorbs the Fed’s dovish remarks. The Federal Reserve’s shift to a dovish stance dominates discussions, leading to a continued sell-off of the Greenback. Market expectations for a rate cut remain high, with the CME’s FedWatch Tool indicating a 35% chance of aContinue Reading

Fundamental Analysis *Double Top? Gold’s long-term uptrend remains intact, though a technical correction and investor bargain hunting could be on the horizon ahead of key U.S. economic data and events. In the near term, technical charts reveal a potential double top formation in the gold market, hinting at the possibility of a short-term pullback. TechnicalContinue Reading

Fundamental Analysis *Dovish Fed: Gold prices have surged, breaking above the $2,500 mark, following dovish signals from the Fed hinting at an interest rate cut beginning in September and a softer dollar. At the Kansas City Fed’s annual symposium in Jackson Hole on Friday, Fed Chair Jerome Powell stated that “the time has come” toContinue Reading