Forecasts

As Shane Oliver pointed out in his remarks on the US Jobs Report, the upcoming US CPI Report will play a crucial role in shaping near-term trends for the AUD/USD pair. A weaker-than-expected CPI figure could potentially overshadow softer Australian consumer inflation expectations, leading to a potential move towards the $0.67 mark for the currency
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Recent estimates from a Reuters poll suggest that economists are expecting a drop in headline year-over-year (YoY) inflation to +2.6%, down 0.3 percentage points from the previous month. The estimate range falls between +2.6% and +2.4%. On the other hand, core inflation, which excludes energy and food components, is anticipated to remain stable at +3.2%
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China plays a significant role in the Australian economy, accounting for one-third of Australian exports. With over 50% of Australia’s GDP linked to trade, any changes in China’s manufacturing sector could have a direct impact on the Australian economy and the Aussie dollar. A rise in exports to China could potentially boost the Australian economy
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The discussion surrounding the relationship between the political party affiliations of U.S. presidents and economic growth has been a subject of considerable analysis. While some studies have indicated a correlation between the party in power and economic performance, it is essential to recognize that correlation does not equate to causation. Factors such as global economic
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The latest data on EUR/USD reveals an intriguing economic landscape within the Euro Zone. While overall inflation has seen a decline, services have emerged as a key player with an annual rate of 4.2% in August, surpassing the previous month’s 4.0%. This rise in services costs has led to speculation about a potential “Olympic effect”
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When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. While there is an abundance of information available online, not all of it is accurate or up-to-date. It is imperative to verify and cross-reference information from multiple sources before making any investment or buying any products. Consulting with competent
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The recent data on the Australian labor market shows that the unemployment rate is currently at its highest since November 2021. The rise in unemployment is attributed to an increase in the labor supply, which may not be as concerning as a rise in unemployment due to job losses. According to AMP’s Head of Investment
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