Markets Today with Neo – 23 Feb 2023

Markets Today with Neo – 23 Feb 2023

By Neofytos Hadjineofytou

Market Update 23/02/2023

USD Preliminary GDP q/q – Gross domestic product is a measure of economic activity, it shows if the economy is expanding or contracting.

USD Unemployment Claims – Number of people filed for Unemployment.

What is important to know is that yesterday, the Feds stated a need for another hike, that is another increase of the current interest rate. With today’s data release the Feds will have a much better picture of the current economic situation, since various economists suggested that constant interest rate increase can raise the risk of a recession. The risk of a recession was noted by the feds as well.

As of today, the dollar showed a decline across the board, The down trend can possibly continue with today’s data release, depending of course on the current market situations.

Daily Market Analysis with Neo

Join Neofytos every day as he shares his notes for major market movers and daily news that might impact the markets. This is a free market analysis for your convenience, brought to you by DB Investing.

We support our traders on their journey to become more successful investors each day.

You can subscribe to this content on our social media channels, such as DB Investing Youtube channel.

Find more analysis content on our blog page.

Sign up for a free account with DB Investing and try trading for free!

Daily Analysis is a free service for your convenience. This is not an investment advice. Please read the Risk Warning text at the bottom of the page.

Related Posts