Monthly Archives: September 2023
Strong NFP Bolsters Dollar’s Strength
Written on September 7, 2023 at 9:17 am, by jonywang
Nonfarm Payroll beat expectations, lifting the dollar. China reduced property down payments, boosting its equity markets. The latest Nonfarm Payroll report, released last Friday, exceeded market expectations with 187k jobs added, significantly higher than the previous 157k. This robust job data boosted the dollar by over 0.6%, while equity markets took some time to digestContinue Reading
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 9:16 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
