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
In the current financial landscape, Asian stocks are holding firm, showcasing resilience amidst global economic uncertainties. The dollar, on the other hand, is struggling with lower U.S. Treasury yields, signaling potential interest rate cuts by the Federal Reserve in the near future. Regional equities, particularly in Japan and Australia, have been showing positive signs with
The Greenback, represented by the USD Index (DXY), faced continued selling pressure in the market as US inflation data pointed towards a downward trend in July’s CPI numbers. This led to the USD Index dropping to multi-day lows near 102.30, highlighting the persisting disinflationary pressures in the US economy. Looking ahead to August 15, a
The AUD/USD and NZD/USD technical analysis provided in the article offer insights into the current trends and potential future movements of these currency pairs. However, upon closer examination, it is evident that the analysis is heavily focused on technical indicators and fails to consider broader market dynamics that could impact the price action of the
UBS CEO Sergio Ermotti recently made some predictions about the future of market volatility. He mentioned that while there could be an intensification of market volatility in the second half of the year, he does not believe that the U.S. is heading into a recession. This statement comes after global equities experienced sharp sell-offs due
Commonwealth Bank of Australia, the largest lender in the country, recently announced its annual cash profit for the year ending June 30. Surprisingly, the cash profit of A$9.84 billion exceeded expectations, although it was slightly lower than the previous year’s record of A$10.16 billion. Additionally, the bank declared its highest-ever dividend of A$2.50 per share,
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.
In today’s world, it is crucial for individuals to conduct thorough due diligence before making any financial decisions. The disclaimer provided on the website emphasizes the importance of personal research and discretion when it comes to investments. It highlights the fact that the information provided on the website is for educational and research purposes only,
The gold price has experienced a significant surge in recent trading sessions, with the price per ounce nearing $2,460 today. This marks a notable increase from the $2,385 level observed on the 8th of August. The bullish momentum driving this upswing can largely be attributed to escalating geopolitical tensions in various regions around the world.
The introduction of Zeekr’s new batteries marks a significant milestone in the electric vehicle industry, with the company claiming to have the fastest charge in the world. This innovation aims to address consumers’ concerns regarding battery driving range and ease of charging, which have been longstanding barriers to widespread adoption of electric cars. According to
The recent consolidation phase in Brent crude oil prices, dropping slightly to 81.80 USD per barrel, can be attributed to renewed concerns over global oil demand. OPEC’s downward adjustment of demand forecasts for 2024 and 2025 has played a significant role in shaping market sentiment. With weaker-than-expected economic data from China and reduced regional demand
The USD/CHF pair has been trading positively for the second consecutive day, hovering near the 0.8670 mark in Tuesday’s Asian session. Traders are closely monitoring the US July PPI report, which is expected to be released later in the day. The possibility of a rate cut by the US Federal Reserve in September has caused