Yearly Archives: 2023
All Eyes On Jackson Hole Economic Symposium
Written on September 7, 2023 at 9:22 am, by jonywang
Before the release of the Jackson Hole Economic Symposium, the dollar surged impressively due to the positive initial jobless claims data. In anticipation of Jerome Powell’s address at the Jackson Hole Economic Symposium today, the dollar surged impressively by over 0.6% yesterday, propelling the dollar index to a current trading position above $104.00. This riseContinue Reading
Upcoming Data Releases Are Expected To Provide Insights Into The US Job Market
Written on September 7, 2023 at 9:22 am, by jonywang
The Week Ahead: Week of 3 July (GMT+3) Monday, 3 July, 17:00 – US ISM Manufacturing PMI (Jun) The manufacturing Purchasing Managers’ Index (PMI) in the United States has remained below the threshold of 50 for the sixth consecutive month, signalling contraction in the sector. The latest reading recorded a decline to 46.9 from theContinue Reading
Powell’s Hawkish Statement Boosts Dollar
Written on September 7, 2023 at 9:21 am, by jonywang
The Fed chief has jointly reaffirmed his determination to combat inflation, which has strengthened the dollar. The Fed chief, along with the Deputy Governor of the BoE and the Chair of ECB, have jointly reaffirmed their determination to combat inflation until it remains consistently within the targeted range. This Hawkish stance has contributed to theContinue Reading
