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Financial Calendar for May 2023
Dear all, Attached are the financial calendar for May 2023 and the central bank policy rate timetable for May and June 2023. Please be reminded that the US government (as well as the Canadian government) will announce the labour market data tomorrow evening. It is expected that the FX and commodity
- bell :thank you
Weak CPI, weaker dollar.
US inflation has lowered beyond expectation and CPI numbers were softer at 7.7% against expected 7.9% year on year. That and a higher unemployment claims pummeled the dollar to 107s. On the other hand stocks posted huge gains, thus putting more pressure for the dollar to slide lower. Tingkat inflasi
Gold has bottomed.
World Gold Council has reported that for Q3 2022, there were huge purchases of 400 tonnes by central banks, numbers not seen for 2 decades. Unfortunately, it did not name the big mysterious sovereign buyers. Seems like gold is living up to its reputation as the 'recession-proof asset'. World Gold Co
