In recent reports, it has been noted that China’s new property sales are remaining weak, indicating a potential downturn in the economy. This is further exacerbated by the decline in steel demand and production. These two factors are critical indicators of economic health, as the property market and steel industry are significant drivers of growth
Forecasts
The industrial profit figures from China, set to be released on Tuesday, August 27, are expected to play a significant role in influencing buyer demand for the Australian dollar. Economists are predicting a slight decrease in industrial profits by 0.2% year-on-year. Such a decline may indicate a weakening demand environment, which could have a negative
The dynamics of business price-setting behaviors are undergoing a significant shift in response to intensified upward pressures on wages. According to a recent paper on service prices, authors have highlighted the need for a comprehensive analysis to investigate whether this phenomenon will continue to spread. This shift poses a challenge for businesses as they navigate
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In recent months, the Australian labor market has shown remarkable resilience, posing challenges for the country’s inflation outlook. Despite this resilience, annual inflation rates have remained in line with expectations. However, concerns have been raised regarding the sustainability of this trend, especially in the services sector. The strong jobs market has been a driving force
Financial advice websites often provide general news and publications, along with personal analysis and opinions, which may not be suitable for every individual’s specific financial situation. It is crucial to understand that such content is intended for educational and research purposes only, and should not be considered personalized recommendations or advice to make any financial
As investors turn their attention towards the potential for Fed rate cuts in 2024, the US dollar is facing a critical week. The upcoming FOMC Meeting Minutes on August 21 will be closely scrutinized, with a focus on the sentiment towards the US economy, the labor market, and the Fed rate path. These factors are
The Dollar Index (DXY) is currently at $102.911, showing a slight decrease of 0.06% for the day. The index recently retraced to the 38.2% Fibonacci level at $103.039, where a bearish engulfing candle appeared on the 4-hour chart. This indicates the possibility of a further downward correction. The 50-day and 200-day EMAs, located at $103.027
The recent US CPI Report has sparked discussions among experts regarding the Fed rate path and its implications on the forex market. According to Arch Capital Global Chief Economist Parker Ross, core services inflation saw a notable increase in July, catching the attention of the Federal Reserve. The CPI Report has shifted the focus towards
The recent unexpected decision by the Bank of Japan to raise interest rates to around 0.25% has sent shockwaves through global markets. This move, combined with the announcement of a cut to Japanese Government Bond purchases, has raised concerns about the future of the Yen carry trade and its implications for the USD/JPY exchange rate.
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Silver is currently at a crucial point where it could potentially experience a significant rebound. However, there are several market risks that could impede this expected rally. One primary risk is economic uncertainty. If global economic growth exceeds expectations or if sudden financial instability occurs, the demand dynamics for silver could be altered, leading to