About: lishitong

Fundamental Analysis * Safe-haven Demand: Gold prices have surged, reaching new record highs as a result of weaker US economic data, anticipation of Fed rate cuts, and escalating tensions in the Middle East. Concerns over potential retaliation by Iran against Israel due to ongoing conflicts have heightened geopolitical risks, fueling gold’s appeal as a safe-havenContinue Reading

Tuesday, 20 August 2024, 14:30 – Canada CPI (YoY) (Jul) For June 2024, Canada’s CPI rose by 2.7% year-over-year, down from 2.9% previously. This decrease in core inflation is driven by a combination of slower economic growth and moderated wage growth, even with a strong labor market. With the current monetary policy and expectations ofContinue Reading

Fundamental Analysis * Upbeat Data: The pound strengthened against the dollar after positive U.K. data. Reports showed the U.K. economy grew as anticipated in Q2, with GDP up 0.6% quarter-on-quarter and 0.9% year-on-year. Annual GDP growth marked a solid rebound from the previous 0.3% figure. Moreover, U.K. Manufacturing Production surged 1.1% in June, well aboveContinue Reading

Fundamental Analysis * Gold Slide: Gold prices which trading against the greenback have declined as investors digest the latest U.S. inflation data. According to the Labor Department, July’s inflation figures were in line with predictions, with the headline Consumer Price Index (CPI) rising 0.2% month-over-month, leading to a 2.9% annual inflation rate. The core CPI,Continue Reading

Fundamental Analysis * Hawkish RBA: The Australian dollar has gained further strength against the US dollar, following a hawkish shift by the Reserve Bank of Australia (RBA). In economic updates, Australia’s Westpac Consumer Confidence rose by 2.8% in August, rebounding from a 1.1% drop in July. The Wage Price Index also increased by 0.8% inContinue Reading