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
Oil Prices Drop To 4-Month Low
Written on November 28, 2023 at 8:58 am, by jonywang
The financial markets experienced a relatively subdued session overnight, as lacking significant catalysts. Investor attention remains focused on the APEC forum The financial markets experienced a relatively subdued session overnight, lacking significant catalysts to drive decisive movements. Investor attention remains focused on the APEC forum, with particular interest in the meeting between President Biden andContinue 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
