July 13, 2023: US Inflation Plunges to 3% in June.

Inflation in the US recorded the lowest YoY increase in two years. Meta stock gained $28 billion in one day, and Nvidia stock achieved its highest closing in history. US indices closed with strong gains on Wednesday after June’s inflation rate recorded the lowest year-on-year increase over two years. Inflation data confirmed expectations that the

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June 23, 2023: Currencies, Indices, and Stocks’ Market Summary.

The dollar rose as risk appetite diminished. On Friday, June 23, the dollar received support from a wave of risk aversion as statements supporting monetary tightening from global central banks, including the US Federal Reserve, raised concerns about a larger economic contraction. GBP/USD: The pound sterling retreated in recent trading by 0.07% to $1.2740 after

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