About: lishitong
Recent Posts by lishitong
Yen Breaks 150 Level, Sparking Intervention Speculation
The Japanese yen has weakened to a one-year low at 150 per dollar, raising the spectre of potential currency intervention. The Japanese yen has weakened to a one-year low at 150 per dollar, raising the spectre of potential currency intervention. Alphabet’s disappointing earnings report sent shockwaves through the US equity market, triggering a significant selloff.Continue Reading
Written on October 26, 2023 at 5:13 am
Categories: Daily Market Analysis
Dollar Strengthens On Upbeat PMI Reading
Favourable U.S. PMI data, coupled with better-than-expected Eurozone economic figures, led to the dollar rebounding above the $106 level. Amidst improving conditions in the Middle East conflict, international leaders and the United Nations advocate for Humanitarian Pauses to facilitate essential aid access for civilians. Gold prices remained stable, but oil prices faced a downturn dueContinue Reading
Written on October 25, 2023 at 5:11 am
Categories: Daily Market Analysis
Dollar Plunges on Treasury Yield Surge
The US dollar experienced a decline of over 0.5% as the US long-term bond yield touched the 5% mark. Hamas militants freed 2 hostages while Israel delayed a ground attack and provided relief from the heightened tension in the Middle East region. Meanwhile, China’s surprising affirmation of Israel’s right to self-defence injected optimism into globalContinue Reading
Written on October 24, 2023 at 5:14 am
Categories: Daily Market Analysis
Middle East Conflict De-escalation Eases Gold Prices
Israel’s decision to halt its ground invasion of Gaza has temporarily eased Middle East tensions. Amid diplomatic efforts to calm the Middle East conflict, Israel’s decision to halt its ground invasion on Gaza has momentarily eased tensions. Oil prices faced resistance at $90, leading to a decline since last Friday, while gold prices encountered sellingContinue Reading
Written on October 23, 2023 at 5:26 am
Categories: Daily Market Analysis
Powell’s Dovish Statement Hammers Dollar
Despite visits by the U.S. president and the U.K.’s prime minister to Israel, gold and oil prices surge due to Middle East tensions. Despite diplomatic efforts by world leaders, including planned visits by the U.S. president and UK’s prime minister to Israel, gold and oil prices continue to surge in response to escalating Middle EastContinue Reading
Written on October 20, 2023 at 5:14 am
Categories: Daily Market Analysis
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