US Q3 GDP Revised Up To 5.2% while Gold Prices Remain Steady and DXY Recovers
US Dollar Hits 3-Month Low, Sparking Curiosity
USD/JPY trades at 147.00 as Asia markets anticipate Japan Retail Trade and China PMIs
WTI Oil Faces Technical Challenges amid Swirling OPEC+ Rumors
Upcoming Week: Exciting Events such as Biden-Xi Meeting, US CPI, and China Activity Data
Market Watch: A Weekly Overview (13-17 November)
Inflation Data Draws Attention Following Dollar’s Recovery
AUD/USD falls at the end of the week due to RBA’s stance and Powell’s hawkish position
Federal Reserve Officials Express Worries about Inflation
The Fed’s Hawkish Stance Drives Gold Prices Lower, XAU/USD Approaching $1,930
S&P 500 finishes the week with robust growth despite Federal Reserve’s hawkish comments and worries about consumer sentiment.
The Dollar is Revitalized by Fed Comments
We maintain our belief that the RBA will maintain its December position, but the February 2024 meeting remains a possibility