About: jonywang
Recent Posts by jonywang
Dollar Surge On Above Expectation Job Data
Dollar strengthened as U.S. economic data including PCE and initial Jobless Claims better than than market expectation. The U.S. equity market’s winning streak ended as the Dow Jones closed about 0.5% lower due to mixed economic data. The Fed’s preferred inflation measure, the PCE index, matched market forecasts at 4.2%, while Initial Jobless Claims fellContinue Reading
The Basics Of Technical Analysis
In the fast-paced world of the financial markets, understanding the dynamics of price movements is crucial for traders and investors. This is where technical analysis comes into play. By examining historical market data, technical analysis empowers individuals to decipher patterns and trends, enabling them to make informed decisions about buying and selling assets. Throughout thisContinue Reading
Decline in UK CPI Signals Rate Hikes Efficacy
The Week Ahead: Week of 14 August (GMT+3) Tuesday, 15 August, 15:30 – US Retail Sales (MoM) (Jul) In May, US Retail Sales showed a 0.2% increase on a monthly basis, falling short of the anticipated 0.5%. Nevertheless, there’s a silver lining as May’s figures were revised upwards from 0.3% to 0.5%, hinting at resilientContinue Reading
