Monthly Archives: July 2023
Upbeat Job Data Encourages Dollar Surge
Written on July 21, 2023 at 5:49 am, by 王建军
U.S. dollar surged more than 0.5% triggered by optimistic job data in the U.S. Asian equity markets faced declines, influenced by the U.S. equity market’s disappointing earnings results. Last night, Nasdaq experienced a substantial drop of over 2%, marking its most significant single-day decline since March. Conversely, the U.S. dollar displayed strength, surging more thanContinue Reading
Fed Faces Crucial Decisions
Written on July 21, 2023 at 12:53 am, by 王建军
The Week Ahead: Week of 24 July (GMT+3) Tuesday, 25 July, 17:00 US CB Consumer Confidence (Jul) Despite the Federal Reserve’s efforts to curb inflation through interest rate hikes, the U.S. economy maintains positive performance. Consumer confidence reached its highest level in June, rising from 102.5 to 109.7. However, Dana Peterson, Chief Economist at TheContinue Reading
Strong Earnings Boost Equities, Gold Surges On Downbeat Data
Written on July 19, 2023 at 5:43 am, by 王建军
Strong quarter results from US banks spark optimism in US equity market. Strong quarterly results from Wall Street banks, Microsoft, and other major corporations fueled the US equity market’s upward momentum, while lacklustre economic data led to a dip in US treasury yields, signalling expectations of a more cautious stance by the Federal Reserve. TheContinue Reading
