20241202 USD Strength and Market Movements and Portfolio Update
ππ΅ The US Dollar rebounds in December, gaining strength against rivals like the Euro and Pound. π―π΅π¦πΊ Key global economic indicators show potential rate hikes by the Bank of Japan and growth in Australian retail sales! π¨π³ Chinaβs manufacturing PMI raises hopes with better-than-expected results driven by stimulus anticipation. π The Federal Reserveβs upcoming meeting is highly anticipated, possibly indicating rate cuts. πΉ However, geopolitical tensions impact oil, gold prices, and market sentiments.. π Detailed ETF portfolio analysis explores recent performance data and market trends. Key insights: iShares MSCI Europe's strong energy sector (+15-20% YTD), iShares S&P 500 with a solid tech boost (20-22% YTD), and L&G AI ETF robust in AI and tech (+20-22% YTD). Recommendations favor **BUY** strategies for specific ETFs with expected returns of 6-7.5% over 3 months, influenced by sector-specific impacts and currency fluctuations. ππΉπΌ