Yearly Archives: 2023
Upbeat CPI Boosts Dollar’s Strength
Written on October 13, 2023 at 5:13 am, by lishitong
Market sentiment shifted significantly after the U.S. Consumer Price Index data exceeded expectations, along with strong Initial Jobless Claims figures. Market sentiments shifted significantly following the release of yesterday’s U.S. Consumer Price Index (CPI) data, which surpassed expectations. Coupled with robust Initial Jobless Claims figures indicating a resilient labour market, investors are reevaluating the possibilityContinue Reading
US Existing Home Sales Faces Challenges
Written on October 13, 2023 at 1:11 am, by lishitong
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 lishitong
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
