When it comes to investing in open markets, it is crucial to understand the risks and uncertainties involved. The information provided on various platforms, including FXStreet, should be viewed as purely informational and not as a recommendation to buy or sell any assets. It is essential for investors to conduct their own thorough research before
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The Australian Dollar (AUD) has been facing challenges in the forex market due to a combination of factors such as economic concerns over China, high inflation rates, and weak retail sales data. This article will analyze the impact of key economic data releases on the AUD and how they influence market expectations. The upcoming release
Stock prices saw a rebound on Friday, with the S&P 500 index closing 1.11% higher. However, it closed below the daily high, indicating consolidation rather than a shift in the short-term trend. The S&P 500 is expected to open 0.6% higher on Monday as well. The upcoming week will see key quarterly earnings releases from
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 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 financial markets saw mixed action on Thursday, leading investors to adopt a cautious stance on Friday. The upcoming US economic reports will include the Personal Consumption Expenditures (PCE) Price Index data for June. This data is crucial as it is the Federal Reserve’s preferred gauge of inflation. Additionally, reports on Personal Income and Personal
The gold price has been struggling as it continues to lose ground for the second consecutive day, reaching a two-week low. This decline can be attributed to technical selling, which has put pressure on the precious metal. However, the extent of the downward movement is expected to be limited. Additionally, the upcoming September Fed rate
The Bank of Canada (BoC) is on the brink of making a significant decision regarding interest rates. Analysts predict that the BoC might follow in the footsteps of the Swiss National Bank (SNB) and implement a second rate cut during this cycle. Market indicators, such as seasonally adjusted monthly rate changes and the current state
The NZD/USD pair is currently trading around 0.5945 in the early Asian session on Wednesday, recording a 0.25% decline. This drop is primarily attributed to the mounting expectations of rate cuts by the Reserve Bank of New Zealand (RBNZ) and subdued economic activity in China. The Kiwi is under pressure as investors anticipate a potential
The Small and Medium-sized Enterprises Index (SMEI) experienced a significant rebound in July, reaching 50.4, according to economists Hunter Chan and Shuang Ding from Standard Chartered. This uptick came as a result of improvements in expectations and credit conditions within the market. After a minor setback in June when it dipped to 49.9, SMEI returned
Upon analyzing the Australian Stock Exchange (ASX) with a focus on COCHLEAR LIMITED – COH, it is evident that wave ((4)) – navy has been identified as a Triangle, indicating a potential upward movement in wave ((5)) – navy. The 1D Chart (Semilog Scale) analysis further supports this observation, highlighting the Major trend (Primary degree,
When it comes to making investment decisions, it is crucial to understand the risks and uncertainties involved. The information provided on various platforms, including FXStreet, should be seen as a guide rather than a direct recommendation to buy or sell assets. It is essential for individuals to conduct their own thorough research before making any