Following five consecutive days of gains, Brent crude oil prices are now in a consolidation phase, with a slight retreat to 81.80 USD per barrel. The market sentiment has been influenced by OPEC’s downward revisions of its demand forecasts for 2024 and 2025. These revisions are a response to weaker economic data coming out of
The USD/CHF pair has been trading positively for the second day in a row, hovering around 0.8670 during the Asian session. Investors are keeping an eye on the upcoming US July PPI report, which is expected to be released later in the day. There is a sense of caution in the market as traders await
Currency markets were uncertain on Tuesday as investors awaited the impact of U.S. economic data on the possibility of significant rate cuts. The dollar remained stagnant against the yen, hovering around 147.17 yen after briefly reaching a one-week high of 148.23. Meanwhile, the euro was steady at $1.0931, inching closer to resistance levels at $1.0944
The USD/CAD pair is currently trading around 1.3740 in the Asian session, showing a slight uptrend. Traders are in a holding pattern as they await key US economic data releases. The upcoming US Producer Price Index (PPI) report and the speech by the Federal Reserve’s Raphael W. Bostic are expected to provide fresh insights and
The AUD/USD pair recorded a significant increase during Monday’s trading session, settling near 0.6600. This surge can be attributed to the Reserve Bank of Australia’s (RBA) steadfast hawkish position, which has bolstered the Australian Dollar. Additionally, strong Chinese inflation data from the previous week has also contributed to the Aussie’s strength in the forex market.
The New Zealand dollar is currently on the rise against the US dollar, with the NZD/USD pair reaching 0.6014 as of Monday. Market analysts are gearing up for the upcoming Reserve Bank of New Zealand (RBNZ) meeting, with expectations that the official cash rate will remain at 5.5% for the ninth consecutive time. This decision
China’s lacklustre core consumer inflation growth for July indicates that the current pace of piecemeal stimulus measures is not enough to eliminate deflationary pressures. The “non-abating” deflationary risk scenario has pushed the 10-year China sovereign bond yield to a record low of 2.12% on Monday, 05 August. This suggests that more substantial measures may be
Gold prices are on the rise once again, continuing a recovery that has lasted for the past three days. This recent surge can be attributed to the growing speculation that the Federal Reserve will increase interest rates by 50 basis points in September. The market is reacting to weak US economic data, hinting at a
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
Republican U.S. vice presidential candidate JD Vance expressed his support for Donald Trump’s assertion that presidents should have a say in Federal Reserve Board policy-making. According to Vance, Trump believes that the political leadership in the United States should play a more significant role in determining the country’s monetary policy. While past administrations have upheld
Despite recent turbulence in China’s bond market, there are still die-hard investors who remain confident in the strength of the bull market for government bonds. These investors point to factors such as China’s uncertain economic outlook, deflationary pressures, and a general lack of appetite for riskier assets as reasons to maintain a positive stance on
In light of recent allegations made by US-based shortseller Hindenburg Research against Madhabi Puri Buch, the head of Securities and Exchange Board of India (SEBI), it is crucial for investors to remain calm and exercise due diligence before reacting. The regulator has urged investors to not jump to conclusions based on reports and to wait