Monthly Archives: November 2023
Dollar Gains On Upbeat Retail Sales
Written on November 28, 2023 at 9:02 am, by jonywang
The U.S. dollar staged a modest recovery following a notable decline on Wednesday. However, the latest U.S. Retail Sales data surpassed expectations, supporting the greenback’s upward nudge. The U.S. dollar staged a modest recovery following a notable decline on Wednesday, spurred by indications of easing inflation from the U.S. CPI report. However, a resilient economicContinue Reading
Equity Market Bolstered By Fed Rate Peak Speculation
Written on November 28, 2023 at 8:55 am, by jonywang
Recent weak U.S. economic data, hinting at slowed growth and contained inflation, suggests the Federal Reserve might be near the end of its tightening cycle. Recent downbeat economic data from the U.S., which indicates a moderation in economic performance and contained inflation, has led the market to believe that the Federal Reserve is on theContinue Reading
Risk-on Sentiment Sparks Equity Market
Written on November 28, 2023 at 8:54 am, by jonywang
Nasdaq ascended to nearly a two-year high, driven by anticipation surrounding Nvidia’s upcoming report. US dollar has slid to its lowest point since September Recent market dynamics have seen a surge in risk-on sentiment, with global equities rallying fervently. The Nasdaq has ascended to nearly a two-year high, driven by heightened anticipation surrounding Nvidia’s upcomingContinue Reading
