About: lishitong
Recent Posts by lishitong
Upcoming Weekly Adjustment on Index Dividend Notice
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. Please refer toContinue Reading
Fed Rate Cut Calls, Would NFP Tilt The Odds?
Tuesday, 3 September 2024, 16:00 – US ISM Manufacturing PMI (Aug) The latest data for the U.S. ISM Manufacturing PMI, released on August 1, 2024, shows a decline to 46.8, down from 48.5 in June. This marks the sixth consecutive month of contraction (a reading below 50) and remains well below the historical average ofContinue Reading
Oil Prices Hold Steady on Middle East Supply Worries
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
New Zealand Dollar Rises on Boosted Business Confidence
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
USD/CAD Declines as Market Absorbs Dovish Fed Signals
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
