About: lishitong
Recent Posts by lishitong
Markets Build Risk Appetite as ADP Nonfarm Exceeds Expectations
On Wednesday, 15:15 (GMT+2), data for the February US ADP Nonfarm Employment Change was released. At 475,000, the number beat out the market estimate of 378K, although it is still lower than the previous month’s 509,000. Broken down, February’s numbers indicate a significant employment drop of 96,000 in small businesses, although overall numbers are buoyedContinue Reading
Written on March 3, 2022 at 6:59 am
Categories: Weekly Outlook
Russia invades Ukraine
On Thursday, 24 February, Russian forces entered neighbouring Ukraine, sparking what some are calling the largest conflict in Europe since World War 2. Land, sea, and air forces have been sent into Ukrainian space, with the country’s foreign minister saying that the country’s capital, Kyiv, has been hit by Russian rocket strikes. While the USContinue Reading
Written on February 28, 2022 at 4:30 pm
Categories: Weekly Outlook
Gold Surges as Geopolitical Tension in Eastern Europe Rises to New Heights
Rising geopolitical tensions between Russia and the West, combined with the effects of booming worldwide inflation, has caused the price of gold to soar. The precious metal is trading at its highest prices in over a year as investors seek the safe-haven asset in response to Putin’s increasing belligerent stance against Ukraine; and the resultingContinue Reading
Written on February 24, 2022 at 6:57 am
Categories: Weekly Outlook
Russian Invasion of Ukraine Imminent
Months of geopolitical tension between Russia and Ukraine have mounted to a pitch as governments around the world begin taking action. The US relocated its embassy in the Ukrainian capital of Kyiv to the western city of Lviv in response to the “dramatic acceleration” of buildup in Russian forces on Ukraine’s border. In addition, UKContinue Reading
Written on February 21, 2022 at 6:36 am
Categories: Weekly Outlook
Unexpected Fed Dovishness Causes USD Drop and Gold Rise
On Wednesday evening (GMT+2), the US Federal Reserve released its meeting minutes, revealing its plans for interest rate hikes, as well as a “significant reduction” in asset holdings in response to spreading inflation. However, while its outward tone might seem hawkish, the details of the minutes lacked bite without any clear signals indicating more aggressiveContinue Reading
Written on February 17, 2022 at 6:53 am
Categories: Weekly Outlook
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