Yearly Archives: 2023
Dollar Soars On Optimistic Debt Ceiling Deal
Written on May 29, 2023 at 5:51 am, by lishitong
Markets Risk-on After Positive U.S. debt Ceiling Deal Boosted The Dollar The US Dollar continued its impressive rally, buoyed by the optimistic prospects of a tentative debt ceiling deal between President Joe Biden and top Republican Kevin McCarthy. The deal aims to avert a potentially catastrophic default, boosting investor sentiment. Concurrently, the US equity marketContinue Reading
Nvidia Shares Soared 26% Due To High Demand For AI Chips
Written on May 29, 2023 at 3:00 am, by lishitong
Shares for NVDA surged after a better-than-expected earnings report forecast for 2024’s first quarter Nvidia reported better-than-expected earnings for its fiscal 2024 first quarter, which led to a 26% surge in shares during extended trading. The company’s adjusted EPS was $1.09, surpassing the estimated 92 cents, and revenue amounted to $7.19 billion, exceeding the expectedContinue Reading
Dollar Surges On Robust Economic Data, Fueling Investor Confidence
Written on May 26, 2023 at 6:06 am, by lishitong
The US Dollar was buoyed by robust US economic data and positive market sentiment. US GDP exceeded expectations, posting a strong growth rate of 1.30% compared to the projected 1.10%. Encouraging job market data also contributed to the dollar’s strength, with Initial Jobless Claims coming in lower than anticipated at 229K. The increased likelihood ofContinue Reading
