Monthly Archives: July 2023
Strong Earnings Boost Equities, Gold Surges On Downbeat Data
Written on July 27, 2023 at 2:59 am, by jonywang
Strong quarter results from US banks spark optimism in US equity market. Strong quarterly results from Wall Street banks, Microsoft, and other major corporations fueled the US equity market’s upward momentum, while lacklustre economic data led to a dip in US treasury yields, signalling expectations of a more cautious stance by the Federal Reserve. TheContinue Reading
Market Calm Before U.S. Retail Sales Releases
Written on July 27, 2023 at 2:59 am, by jonywang
The financial market was relatively calm last night ahead of the release of U.S. retail sales data scheduled for later at 15:30 (GMT+3). The financial market experienced a relatively calm session last night as investors awaited the release of U.S. retail sales data scheduled for later today (18th July). Major currency pairs remained stable, whileContinue Reading
China’s GDP Misses Expectation, Hammers Oil Prices
Written on July 27, 2023 at 2:59 am, by jonywang
The latest release of China’s second-quarter GDP has fallen short of market expectations which has exerted upward pressure on oil prices. Investors are wagering that the upcoming rate hike in July will mark the end of the tightening cycle, yet Federal Reserve officials are keeping their options open for a potential increase later in theContinue Reading
