The unemployment rate is projected to hold steady at 3.9%, with the high estimate at 4.0% and the low at 3.8%. This stability in the unemployment rate may provide a sense of relief, but it is essential to note that even small fluctuations can have significant impacts on the economy. Additionally, wage growth is expected
Forecasts
Australia is set to release its GDP numbers for Q1, which are expected to show a modest expansion of 0.2%. This follows a 0.2% growth in Q4 of the previous year. The trade data for April will also be crucial, with economists predicting an increase in both imports and exports. A wider trade surplus would
Economists are predicting that the Core PCE Price Index will rise by 2.8% year-on-year in April, following a similar increase in March. Alongside this, personal income and spending are expected to see a 0.3% increase in April. These figures come after a 0.5% rise in personal income and a 0.8% increase in spending during March.
The US economy saw an expansion of 1.3% in Q1 2024, a significant drop from the 3.4% growth in Q4 2023. Additionally, initial jobless claims are expected to rise slightly from 215k to 218k in the week ending May 25. These figures indicate a potential slowdown in economic growth and could have implications for the
Private consumption plays a significant role in the Japanese economy, accounting for approximately 60% of the overall GDP. One crucial factor affecting household spending is the value of the Yen. A weaker Yen can lead to higher import costs, which in turn can impact the prices of goods and services. This could potentially result in
The early hours of Monday saw very little activity in the forex market. This lack of movement can be attributed to Memorial Day in the United States and a bank holiday in the UK. These holidays led to a decrease in liquidity within the market, resulting in minimal trading activity. Despite the quiet market conditions,
Last week, both gold and silver prices experienced a significant drop in value due to the Federal Reserve’s hawkish meeting minutes and the release of strong U.S. economic data. Fed officials made it clear that they prioritize controlling inflation before considering any rate cuts, leading to a lack of investor confidence in precious metals. Additionally,
Investors are closely monitoring the comments from Fed speakers regarding inflation, economic outlook, and interest rates. Last week, the FOMC Meeting Minutes, labor market data, and the US Services PMI shifted investor expectations of a September Fed rate cut. Despite a slight relief in Michigan Inflation Expectations rising from 3.2% to 3.3% in May, which
In recent months, central banks around the world have been closely monitoring economic data in order to make crucial decisions regarding monetary policy. The most recent Federal Open Market Committee (FOMC) meeting, as well as data releases from the UK and eurozone, have provided valuable insight into the current state of the global economy. The
In the world of financial decision making, it is crucial to conduct thorough due diligence checks before taking any action. The content provided on various websites, including news, analysis, and opinions, should be used for educational and research purposes only. It is essential to remember that this information does not constitute personalized advice, and individuals
As we look at the current monthly chart, the 200-day SMA is a significant level to watch, with potential downside support around 104.39. A break below this level could open the door to 103.62 support. Additionally, the Relative Strength Index (RSI) has struggled to move above the 50.00 centerline recently, hinting at a bearish sentiment
When visiting financial information websites, it is crucial to keep in mind that the content provided is for educational and research purposes only. This means that any analysis, opinions, or recommendations should not be taken as financial advice. It is essential to conduct your own due diligence, consult with financial advisors, and consider your own