The most recent Consumer Price Index (CPI) report from China for the month of July revealed some interesting data. According to MUFG FX analyst Lee Hardman, the headline inflation increased slightly by 0.3 points to 0.5% in July. However, the core measure of inflation saw a decline to 0.4% from 0.6% in the previous months.
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The GBP/USD pair has seen an uptrend in recent days, with the US Federal Reserve expected to implement a rate cut in September. The CME FedWatch tool indicates that markets are fully pricing in a quarter-basis point interest rate cut by the Fed next month. This anticipation of a rate cut is putting pressure on
Jeffrey Schmid of the Federal Reserve Bank of Kansas City recently expressed his opinion on the current state of inflation and monetary policy. He stated that if inflation continues to come in low, it would be appropriate to adjust policy accordingly. Schmid mentioned that the Fed’s current stance on policy is not overly restrictive and
The Australian Dollar (AUD) rose near 0.6580 during recent trading sessions, marking a significant increase of 0.80%. This surge can be attributed to the Reserve Bank of Australia’s (RBA) reaffirmation of their hawkish tone and a boost in commodity prices which has made the AUD a strong performer in the market. The RBA has maintained
The New Zealand Dollar (NZD) saw a surge in value against the US Dollar (USD) following the release of better-than-expected employment data. The number of employed people in New Zealand increased by 0.4% in the second quarter, surpassing market expectations and marking a significant improvement from the previous quarter. Additionally, the unemployment rate rose less
The GBP/JPY cross experienced a significant rally during the Asian session on Wednesday, gaining over 400 pips intraday. This surge was primarily driven by dovish remarks from the Bank of Japan (BoJ) Deputy Governor Shinichi Uchida. Uchida’s comments suggested that the central bank would refrain from hiking rates during periods of market instability, which weakened
Following a turbulent start to the week, the US Dollar (USD) managed to bounce back on Tuesday, remaining steady near the 103.00 mark. This recovery was fueled by an improved market sentiment, with investors regaining confidence in the stability of the Dollar. Additionally, the absence of any significant news regarding the conflict between Iran and
The Reserve Bank of Australia (RBA) plays a crucial role in setting interest rates and managing monetary policy for Australia. This article will delve into the recent comments made by RBA Governor Michele Bullock following the central bank’s August monetary policy decision, and how these decisions can impact the economy and the currency market. In
The Australian Dollar has experienced fluctuation in response to recent economic data, particularly the Producer Price Index (PPI) figures. The Q2 PPI revealed a significant increase of 4.8% YoY, surpassing Q1’s 4.3%. This acceleration has raised concerns about the Reserve Bank of Australia’s (RBA) response, with market expectations leaning towards a rate cut by the
The US Dollar (USD) has faced a significant setback following the release of July’s disappointing jobs report. This has sparked increased expectations for a rate cut by the Federal Reserve in September. The US Federal Reserve continues to monitor economic data closely and has signaled readiness to respond to any signs of weakness in the
The recent escalation in geopolitical tensions in the Middle East has been a significant factor contributing to the increase in West Texas Intermediate (WTI) crude oil prices. The assassination of Hamas leader Ismail Haniyeh in Tehran, which both Iranian officials and Hamas have attributed to Israel, has raised concerns about potential retaliation and further instability
DSYNC Destra Network Token is undergoing a complex corrective structure as per the Elliot Wave analysis. The token reached a high of $0.5 in March 2024, marking the first rally from the lows as a wave ((1)). However, it then started a corrective decline unfolding as a Double Three structure, resulting in an 82% loss