As the Federal Reserve officials gear up for their upcoming meeting, all eyes are on the potential for a rate cut in September. Evercore ISI strategists believe that while the Fed is likely to hold rates steady this time, there could be a signal for a 25 basis point cut at the next meeting. The
admin
The AUD/USD pair is currently on an upward trend, approaching the 0.6552 mark on Monday. This comes after the Australian dollar experienced a 3% fall in the past two weeks, triggered by a global sell-off in risky assets and weak reports from China. Investors are eagerly awaiting the release of Australian inflation data this week,
After a week of ups and downs in the market, stock futures saw a modest rise on Monday. The S&P 500 and Nasdaq experienced declines, while the Dow and Russell 2000 showed gains. This volatility underscores the uncertainty that investors are facing, with tech earnings from Microsoft, Meta, Apple, and Amazon taking center stage this
The article discusses the upcoming central bank meetings of the Federal Reserve, the Bank of England, and the Bank of Japan. It mentions that the Federal Reserve is expected to keep its benchmark interest rate steady at the current range but hints at a possible rate cut in September due to signs of cooling prices.
The New Zealand Dollar (NZD) is currently expected to continue range trading in the near future, with analysts predicting a range between 0.5875 and 0.5920. Despite the possibility of further NZD weakness, analysts point out that severely oversold conditions suggest limited downside potential for the currency. One key level to monitor is 0.5850, according to
The EUR/USD pair recently found support near the 1.0825 zone after a slight correction from the 1.0950 level. The price has managed to clear a bearish trend line resistance at 1.0860, indicating a potential upside movement. The pair tested the 1.0825 support level and remained above the 200 simple moving average on the 4-hour chart.
In a recent independence day speech to Congress, President Dina Boluarte expressed optimism about Peru’s economy, despite facing accusations of corruption and abuse of power. Boluarte took office after the ousting and arrest of predecessor Pedro Castillo in late 2022, following his attempt to dissolve Congress. The economic challenges faced by Peru are significant, with
Recent discussions among economists have suggested that quantitative tightening (QT) could potentially have a significant impact on strengthening the Yen in a more sustainable manner. The Bank of Japan (BoJ) is set to announce cuts to their purchases of Japanese Government Bonds (JGB) in July, as part of their QT strategy. The aggressive cutting of
The USD/JPY pair kicked off the new week on a positive note, with fresh buyers showing interest during the Asian session on Monday. This led the pair to jump to the 154.35 region as traders engaged in repositioning trades ahead of key central bank events scheduled for later in the week. A positive risk tone
The Bank of England’s Chief Economist, Huw Pill, recently adopted a hawkish tone, raising concerns about services inflation and wage growth showing ‘uncomfortable strength’. This sentiment was also echoed by Jonathan Haskel, an external member of the Monetary Policy Committee (MPC), who emphasized a higher-for-longer stance on worries that a ‘tight and impaired’ labor market
The Australian economy has been closely watched by analysts and investors, particularly in light of recent data regarding producer prices. StoneX Market Analyst David Scutt highlighted the inflationary pressures in the country, hinting at a potential interest rate hike by the Reserve Bank of Australia (RBA) in August. On the other hand, Luci Ellis, Chief
China’s industrial profits have shown a mix of growth and setbacks in recent months. While June saw a 3.6% year-on-year increase in profits, a significant improvement from the previous month’s 0.7% gain, the first half of the year only saw a 3.5% rise. This acceleration from the January-May period indicates some positive momentum, but the