Monthly Archives: October 2023
US Existing Home Sales Faces Challenges
Written on October 13, 2023 at 1:11 am, by 王建军
The Week Ahead: Week of 16 October (GMT+3) Tuesday, 17 October, 15:30 – US Retail Sales (MoM) (Sep) In August, U.S. retail sales surpassed expectations due to a surge in gasoline prices, which boosted service station receipts. The rising gas prices are impacting the economy and could dampen shoppers’ momentum as holiday shopping season approaches.Continue Reading
Dollar Softens On FOMC’s Dovish Stance
Written on October 12, 2023 at 5:42 am, by 王建军
The dollar remains subdued due to the Fed’s balanced assessment of inflation and recession risks. The dollar struggles below the $106 mark as the Federal Reserve adopts a dovish stance, signalling a potential end to its rate-hiking cycle. Despite a stronger-than-expected U.S. Producer Price Index (PPI), the dollar remains subdued due to the Fed’s balancedContinue Reading
Dollar Softens Ahead Of FOMC Meeting Minutes
Written on October 11, 2023 at 5:30 am, by 王建军
US Dollar tumbled ahead of several crucial market events, including CPI, PPI as well as FOMC Meeting Minutes Investors navigated a cautious market terrain as more Federal Reserve officials echoed dovish sentiments, indicating the necessity of maintaining rates at a restrictive level to curb inflation. Anticipation mounts ahead of the September FOMC meeting minutes, expectedContinue Reading
