Monthly Archives: September 2023
The Impact of Rate Hikes On US Home Sales And Services PMI
Written on September 7, 2023 at 9:16 am, by jonywang
The Week Ahead: Week of 21 August (GMT+3) Tuesday, 22 August, 17:00 – US Existing Home Sales (Jul) During June, existing home sales in the U.S. witnessed a drop, reaching a five-month low of 4.16 million, which could be attributed to the impact of the Federal Reserve’s aggressive interest rate hikes on house prices. InContinue Reading
The Psychology of Trading
Written on September 7, 2023 at 9:15 am, by jonywang
When trading, the two most common and dangerous emotions are fear and greed. Fear and greed can ruin even the best trading strategies. A single moment of fear or greed and lose your months of hard-earned profits. Having discipline and keeping your emotions under control is an invaluable skill in trading. Greed is trying toContinue Reading
Anticipated Economic Data For The Upcoming Week
Written on September 7, 2023 at 9:15 am, by jonywang
The Week Ahead: Week of 28 August (GMT+3) Tuesday, 29 August, 17:00 – US JOLTs Job Openings (Jul) The market had anticipated a June reading of 9.610 million, but the actual figure fell slightly short of expectations, registering at 9.582 million. Given the current tight labour market conditions, this reading is seen as remaining relativelyContinue Reading
