The value of currency pairs like CAD/JPY is often influenced by macroeconomic developments and geopolitical events. This is particularly evident in the current landscape, marked by the incoming administration’s moves towards trade protectionism. With the potential implementation of tariffs by the Trump administration, a significant shift in the CAD/JPY currency pair is anticipated, reflecting a
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Gold has maintained a relatively stable price point near $2,650 during Asian trading hours on Monday. Traders remain cautious and are refraining from making significant trades in anticipation of an important speech from US Federal Reserve Chairman Jerome Powell later today. In previous remarks, Powell did not address pressing economic topics or the direction of
The silver market has recently experienced notable volatility, with prices witnessing a marked decline of over 1.5% after achieving a two-month peak of $31.43. Currently trading around $30.66, this decline has raised concerns among investors and market analysts. The psychological threshold of $30.00 now looms large, and its implications on future price movements are significant.
In a recent financial update, Brazil’s government made a noteworthy adjustment to its primary deficit forecast for the fiscal year 2024. This revision highlights a complex interplay between improved revenue streams and necessary expenditure controls aimed at adhering to strict fiscal guidelines. As Brazil navigates the challenging waters of economic management, this revision prompts a
China’s economic prospects appear increasingly troubled as we move toward 2024. Recent developments in monetary policy provide an interesting lens through which to assess the future trajectory of growth in the world’s second-largest economy. On a recent Friday, amid widespread anticipation of a reduction in benchmark lending rates, the People’s Bank of China (PBOC) did
The upcoming policy rate announcement by the Federal Reserve (Fed) on September 18 represents a critical juncture not only for the US economy but also for global financial markets. As analysts and economists speculate on whether the Fed will slash interest rates, the implications of such a move stretch far beyond the United States. This
For many stock investors, the onset of September brings a wave of apprehension. Historical data points to a troubling trend for U.S. large-cap stocks, which have, on average, declined by approximately 0.9% over the month since 1926. This negative return starkly contrasts with every other month of the year, where profits are typically the norm.
The analysts at UOB have pointed out that the New Zealand Dollar (NZD) could potentially test the 0.6115 level, with a condition that it remains below 0.6185. The possibility of a significant break below this level is not expected at this time. In the longer term, if NZD does drop below 0.6115, it could potentially
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
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.
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
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%