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
The EUR/JPY pair has experienced a sustained decline for the past two days, reaching a low not seen in over a month. This downward movement can be attributed to a combination of factors such as a softer risk tone in the market, speculation of a rate hike by the Bank of Japan (BoJ), and dovish
The recent release of UK labour market data has shown that employment growth exceeded expectations, which is a positive sign for the economy. This news has led to a bullish impulse for the pound, with GBP/USD rising initially. However, the pair retraced shortly after, indicating that bulls are struggling to take advantage of the strong
The U.K. is facing criticism for its lackluster performance in commercializing technology businesses on a global scale. Warren East, former CEO of British chip design firm Arm, highlighted the need for a mindset shift within the investor community to ensure that U.K. companies can compete effectively on the world stage. East noted that the U.K.
Shigeru Ishiba, a former Japanese defense minister, emphasized the importance of fully exiting deflation as a crucial task for the country’s economic growth. Despite some positive signs, Ishiba expressed concerns about the lack of significant recovery in private consumption. His policy pledges for the Liberal Democratic Party’s leadership race focus on achieving sustainable growth in
The Gold price (XAU/USD) is facing challenges as the US Dollar (USD) gains strength due to reduced expectations of a 50 basis point rate cut by the Federal Reserve (Fed). Investors are adjusting their bets following mixed US monthly jobs report which has lifted the USD Index (DXY) back closer to its monthly peak. This
As the U.S. Federal Reserve gears up for its next meeting, the debate over the magnitude of the rate cut continues to escalate. Michael Yoshikami, CEO of Destination Wealth Management, has proposed a jumbo 50 basis point rate cut, arguing that such a move would demonstrate the central bank’s proactive stance towards supporting job growth.
At the start of the week, futures tied to Wall Street’s main indexes showed signs of recovery after facing significant losses in the previous week. The optimism among investors regarding a soft landing for the U.S. economy was evident, especially with a crucial inflation report on the horizon. Megacap stocks were on the rise in
The relationship between China’s consumer demand and the performance of key European benchmark stock indices, as well as the EUR/CHF, has been a topic of interest in the global financial markets. Recent data on China’s core inflation and producer prices for August have raised concerns about lackluster internal demand in the country, which could have
Recent data from a survey of recruiters in Britain has revealed a notable cooling in the labor market. The Report on Jobs from the Recruitment and Employment Confederation and KPMG highlighted a significant decline in permanent job placements, marking the fastest decrease in five months. This decrease in job placements is concerning as it indicates
China’s economic data, particularly the Consumer Price Index (CPI) and Producer Price Index (PPI), plays a crucial role in determining the value of the Australian Dollar (AUD). Understanding the relationship between these economic indicators and the AUD is essential for investors and traders looking to make informed decisions in the financial markets. The recent data
The recent market trends have shown that while Non-Farm Payrolls (NFPs) may not appear to be weak initially, there is a lack of sustained buying pressure. The anticipated buying squeeze turned out to be short-lived, with shifting rate cut odds influencing the market sentiment. Despite the mention of a 50 basis point (bp) rate cut