ECB Plans Another Rate Hike while Maintaining Flexibility for September
ECB Plans Another Rate Hike while Maintaining Flexibility for September The European Central Bank (ECB) is set to raise interest rates for the ninth consecutive time on Thursday, amid the ongoing battle against surging inflation and mounting evidence of an economic slowdown. With inflation still remaining stubbornly high and projected to take until 2025 to […]
FOMC Adopts Flexible Policy Assessment, Meeting by Meeting
FOMC Adopts Flexible Policy Assessment, Meeting by Meeting In response to the complex challenges and uncertainties tied to balancing potential inflationary pressures against notable risks to economic expansion, the Federal Open Market Committee (FOMC) has adopted a flexible approach. The monetary policymaking body of the Federal Reserve System will now assess its policy on a […]
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD The AUD/USD currency pair demonstrated considerable strength during Thursday’s Asian trading session, surpassing the key 0.6800 level. This significant surge was largely driven by a weakening US Dollar, pushing the major pair to trade around 0.6807, marking a day’s gain of 0.75%. This movement exhibits the dynamic […]
WTI Oil Holds Steady Above $76.60 as FOMC Meeting Approaches
WTI Oil Holds Steady Above $76.60 as FOMC Meeting Approaches Western Texas Intermediate (WTI), the benchmark for US crude oil, is maintaining its position above the $76.60 level on Friday, displaying consolidation after achieving its fourth consecutive weekly gain. This upward momentum comes amidst indications of a tightening oil market. Adding to market dynamics, tensions […]
Dollar Bearish Bets Reach Unprecedented High as Asset Managers Anticipate Slower US Inflation and Potential Fed Policy Shift
Dollar Bearish Bets Reach Unprecedented High as Asset Managers Anticipate Slower US Inflation and Potential Fed Policy Shift In a bold display of confidence, asset managers have aggressively increased their bearish bets on the dollar, reaching a historic peak. This surge in pessimistic sentiment comes amid growing speculation that the Federal Reserve’s prolonged tightening of […]
Sterling Rises with Upbeat Retail Sales
Sterling Rises with Upbeat Retail Sales The Pound Sterling (GBP) is gaining strength following the release of upbeat United Kingdom Retail Sales data. Consumer spending growth in June exceeded expectations, with Monthly Retail Sales expanding by 0.7% compared to the anticipated 0.2%. Additionally, annual consumer spending data contracted by 1.0%, surpassing the consensus of -1.5%. […]
The GBP/USD pair continues to experience pressure, hovering near the 1.2920 level
The GBP/USD pair continues to experience pressure, hovering near the 1.2920 level The GBP/USD pair is enduring continuous strain, staying close to the critical 1.2920 level as the European session commences. This stress is fueled by the weaker-than-expected inflation data from the UK for June. The monthly Consumer Price Index (CPI) saw a mere increase […]
RBNZ Maintains Wait-and-See Approach Despite CPI Indications
RBNZ Maintains Wait-and-See Approach Despite CPI Indications The Reserve Bank of New Zealand (RBNZ) continues to adopt a cautious approach, refraining from making immediate changes to its monetary policy despite the latest inflation data. This wait-and-see stance comes even as the Consumer Price Index (CPI) shows signs of an inflationary trend. In parallel news from […]
Inflation hits 6% amid falling petrol prices and high-interest rates, despite sustained domestic inflation
Inflation hits 6% amid falling petrol prices and high-interest rates, despite sustained domestic inflation Inflation in New Zealand dropped to an annual rate of 6% in the June quarter. This decline was largely driven by high interest rates affecting household budgets and a decrease in petrol prices. However, domestic inflation remains stubbornly high, despite these […]
US Retail Sales Might Not Aid Dollar Recovery
US Retail Sales Might Not Aid Dollar Recovery The upcoming release of June’s retail sales data by the U.S. Census Bureau, scheduled for Wednesday at 12:30 GMT, may not provide the much-needed boost to the ailing dollar. The data, which accurately reflects consumer demand, will be analyzed closely as the Federal Open Market Committee (FOMC) […]
AUD/USD Steady Above 0.6800 Amid RBA Policies
AUD/USD Steady Above 0.6800 Amid RBA Policies The Australian dollar to United States dollar (AUD/USD) pair is currently demonstrating a steady performance, maintaining its position above the 0.6800 mark in the Tokyo session. Despite the Reserve Bank of Australia (RBA)’s inclination towards further policy restrictions, the Aussie currency has yet to experience a significant shift. […]
Australian Treasurer Predicts Jobless Surge, Easing Inflation
Australian Treasurer Predicts Jobless Surge, Easing Inflation In a recent conversation, the Australian Treasurer, Jim Chalmers, expressed his forecast of a looming economic deceleration and a spike in unemployment as inflation begins to ease. He made these comments during his stint on ABC’s “Insiders” program, where he referenced predictions from both the Reserve Bank and […]
Market Optimism Rises as Asian Shares Rally and Dollar Slumps on Fed’s Potential End to Rate Hikes
Market Optimism Rises as Asian Shares Rally and Dollar Slumps on Fed’s Potential End to Rate Hikes On Thursday, Asian shares and bonds enjoyed a rally, while the dollar faced significant losses. This shift in the market sentiment was fueled by lower-than-expected U.S. inflation figures, leading to the belief that the Federal Reserve may be […]
AUD/JPY Cross Gains Momentum, Surpassing 100-hour SMA after Hitting Two-day High
AUD/JPY Cross Gains Momentum, Surpassing 100-hour SMA after Hitting Two-day High The AUD/JPY cross is showing signs of momentum, pushing past the 100-hour Simple Moving Average (SMA) and reaching a two-day peak. This trend mirrors the progress of the EUR/USD pair, which is also advancing towards a fresh 2023 high close to 1.1150. The performance […]
European Stock Futures Show Slight Increase; U.S. CPI Identified as Crucial Factor
European Stock Futures Show Slight Increase; U.S. CPI Identified as Crucial Factor A slight uptick in European stock futures has been observed, with the U.S. Consumer Price Index (CPI) report playing a crucial role in the trend. As of 02:00 ET (06:00 GMT), Germany’s DAX futures contract traded 0.4% higher, while France’s CAC 40 futures […]
Dollar Dips to Three-Month Low Anticipating Inflation Data
Dollar Dips to Three-Month Low Anticipating Inflation Data Anticipating the forthcoming US inflation report, the US dollar, a formidable force in the international currency market, has seen a decline, reaching a three-month low. This drop is seen as an indicator of the possibility that the Federal Reserve’s tightening strategy may be nearing its end. The […]
US Dollar Dips Under Key Support Level
US Dollar Dips Under Key Support Level The financial week started on a cautiously optimistic note, with European and US stocks registering slight increases. However, investor sentiment was somewhat dampened by the announcement of stricter capital requirements for US banks. This news impacted the performance of several mega-cap companies, with tech giants such as Tesla […]
Gold Nears Fourth Consecutive Weekly Decline Amid Rising Rate Hike Expectations
Gold Nears Fourth Consecutive Weekly Decline Amid Rising Rate Hike Expectations The value of gold is approaching its fourth straight week of decline, driven by growing anticipation for hikes in interest rates. This sentiment has been fueled by recent U.S. employment data and statements from Federal Reserve policymakers hinting at sustained increases in interest rates. […]