admin

Market sensitivity to economic data, particularly the Michigan Inflation Expectation numbers released last Friday, has the potential to significantly impact the USD/JPY exchange rate. An unexpected increase in the Michigan Inflation Expectations Index led to gains for the USD/JPY pair. Looking ahead, investors should pay close attention to speeches by FOMC members, such as Loretta
0 Comments
Gold prices in 2024 have shown remarkable resilience despite a strong U.S. dollar and hawkish statements from the Federal Reserve. While traditional economic indicators would suggest a downward trend for gold prices in such conditions, there are several key factors at play that have kept the precious metal’s value strong. One of the primary reasons
0 Comments
Australia’s government recently announced updated inflation projections, indicating a faster than expected moderation to the central bank’s target range of 2%-3% by the end of the year. While the previous forecast in December suggested that consumer price inflation would slow to 3.75% by mid-2024 and 2.75% by mid-2025, the new projection anticipates that headline inflation
0 Comments
The monthly chart for GBP shows a potential uptrend, but the key resistance level at $1.3142 needs to be surpassed for a confirmed long-term uptrend. The monthly support level at $1.2173 is seen as the next downside target for GBP bears, indicating a bearish trend in the long term. Daily Chart Trend The daily chart
0 Comments
The Australian Treasurer, Jim Chalmers, has expressed his expectations that the upcoming federal budget will help alleviate the country’s persistent issue of high inflation. With consumer inflation reaching 3.6% in the first quarter and projected to rise to 3.8% by June, there is a pressing need for measures to address this economic challenge. The Reserve
0 Comments
Billionaire investor Kenneth Griffin recently spoke out against the turmoil on college campuses, specifically targeting his alma mater, Harvard University. In an interview with the Financial Times, Griffin emphasized the importance of embracing “Western values” in education. He expressed his concern that the U.S. has veered away from the core principles of pursuing truth and
0 Comments