On Tuesday, August 27, industrial profit figures from China could impact buyer demand for the Aussie dollar. Economists predict industrial profits will rise by 3.3% year-to-date, year-on-year, in July, down from 3.5% in June. Lower industrial profits may signal a weakening demand environment, negatively affecting Australian trade terms and the Aussie dollar. China accounts for
Forecasts
The authors of a recent paper highlighted the shift in business price-setting behaviors due to intensified upward pressure on wages. This phenomenon raises questions about the potential implications for the global economy. The relationship between wage increases and price-setting behaviors is complex and requires a comprehensive analysis to understand its full impact. ARK Invest CEO
The Australian labour market has shown remarkable resilience, posing a challenge for lower inflation rates. Despite the recent Consumer Price Index (CPI) report indicating that annual inflation is in line with expectations, the continuous growth in services inflation, which is being supported by a strong job market, makes it challenging for inflation to decrease. Moreover,
The upcoming week presents a critical moment for the US dollar as investors eagerly await news about the potential 2024 Fed rate cuts amidst fears of a hard economic landing. The FOMC Meeting Minutes on Wednesday, August 21, and speeches from the Jackson Hole Symposium are expected to heavily influence market sentiment. Investors are particularly
The Dollar Index (DXY) is currently experiencing a slight decrease in price, trading at $102.911. This decrease is reflected in a bearish engulfing candle formation on the 4-hour chart, indicating a potential further downside correction. The 50-day and 200-day EMAs also point towards bearish momentum, with immediate support levels at $102.708, $102.452, and $102.166. The
The recent US Retail Sales report has ignited discussions among experts regarding the potential impact on USD/JPY trends. According to Arch Capital Global Chief Economist Parker Ross, the rebound in core services inflation in July has raised concerns about the Fed’s rate path. The focus has now shifted to the US labor market data and
The Bank of Japan’s surprise decision to raise interest rates to approximately 0.25% on July 31 sent shockwaves through the financial markets. This move was accompanied by a reduction in Japanese Government Bond (JGB) purchases, signaling a shift towards quantitative tightening. BoJ Governor’s indication of potential future rate hikes aiming for a neutral interest rate
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When it comes to consuming financial information online, it is crucial to exercise caution and conduct thorough due diligence before making any decisions. While there is a wealth of information available, it is important to remember that not all sources are reliable or unbiased. It is essential to verify the credibility of the information and
The silver market is currently teetering on the edge of a significant bottom, with the prospect of a rally looming on the horizon. However, there are several market risks that could derail this expected upswing. One of the primary risks is economic uncertainty, characterized by stronger-than-expected global economic growth or sudden financial instability. These factors
When it comes to making financial decisions, performing due diligence is crucial. The information provided on websites, including news, analysis, and opinions, should be taken with a grain of salt. It is important to not blindly follow recommendations or advice without doing your own research and consulting with experts in the field. Your financial situation
Recent data on initial jobless claims in the US has shown a decrease to 233,000, sparking optimism about the state of the labor market. This drop in claims has alleviated concerns about the weakening of the job market, as figures remain in line with previous years. The steady flow of layoffs, reflected in initial claims,