Markets Today with Neo 24 Feb 2023

Finance and economics explained simply
Markets Today with Neo – 24 Feb 2023

By Neofytos Hadjinefytou

Market Update 24/02/2023

JPY – Bank of Japan Gov Designate Ueda Speech-

The Nominee Bank of Japan  Governor Ueda gave a speech today, he emphasized on inflation and gave hints that should inflation persist a rate hike is in order. He made it clear though that BoJ will have a loose policy. His speech Caused the Yen to decline.

USD PCE – Personal consumption Expenditure-

It is a leading inflation measurement used by the Fed. it revolves around personal consumer expenditure. It is a huge reflection of consumer spending and in return it gives a much better view of the level of inflation.

The dollar yesterday had a rollercoaster movement mostly weakening while US indexes experienced gains. Today’ the positive data release caused a reverse direction. It shows that the US economy is resilient. The chances  of another rate hike are increasing.

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
Next Live Webinar

( UAE )