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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

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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

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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

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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

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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

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Recent Comments by lishitong

Dapatkan diskon 20% untuk setiap tantangan. Gunakan kode: EG20

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