Monthly Archives: July 2023
CPI hammers DXY to below $100
Written on July 14, 2023 at 6:34 am, by lishitong
The release of lower-than-expected CPI data on Wednesday has significantly impacted the financial market. The equity market has extended its gains, while gold prices have risen by over 1.5% following the data release. Conversely, the U.S. dollar continues to decline, breaking below the key psychological support level of $100. On a different note, former policymakersContinue Reading
The US Housing Market Will Be In Focus In The Upcoming Week
Written on July 14, 2023 at 1:56 am, by lishitong
The Week Ahead: Week of 17 July (GMT+3) Tuesday, 18 July, 15:30 – US Retail Sales (MoM) (Jun) Contrary to market expectations of a -0.1% rate, May’s US Retail Sales exceeded forecast expectations with a rate of 0.3%. This indicates that consumer spending remains resilient, even in the face of rising inflation and interest rates.Continue Reading
