Australian producer prices have been under scrutiny in recent months, with experts offering varying opinions on the future trajectory of the economy. StoneX Market Analyst David Scutt highlighted the inflation pickup in official readings, suggesting a potential interest rate hike by the Reserve Bank of Australia (RBA) in August. On the other hand, Luci Ellis
In a recent interview with the Bieler Tagblatt, departing Swiss National Bank Chairman Thomas Jordan shed light on the oft-misunderstood world of central banking. Contrary to popular belief, Jordan argues that central banking is far from boring. Instead, he suggests that being prepared to carry the label of “boring” may be the key to success
Recently, six major banks, including Bank of America and Citigroup, agreed to pay $80 million to settle antitrust litigation in New York. The litigation accused the banks of conspiring to rig prices of European government bonds. This preliminary settlement requires approval from a judge and would put an end to the ongoing legal battle. Investors,
China’s industrial profits saw a positive growth trajectory in June, with a 3.6% year-on-year rise, following a 0.7% gain in May. The first-half earnings also showed an acceleration, reaching 3.5% compared to a 3.4% increase in the previous period. This growth can be attributed to the relatively rapid industrial production and an easing in factory-gate
As investors gear up for a pivotal week in the stock market, they are faced with a cascade of events that could dictate the immediate future of U.S. stocks. After a prolonged rally in major tech stocks came to an abrupt halt in July, the recent turbulence in the markets has sent shockwaves through the
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Russia’s central bank made a significant move by increasing its key interest rate by 200 basis points to 18% on Friday. This decision was driven by concerns about high inflation and an overheated economy. As a result, the cost of borrowing has reached its highest level in more than two years. The central bank also
GBPJPY recently experienced a pullback from its 16-year peak of 208.10, marking its lowest level since May 16. The pair has been on an uptrend since early 2024, hitting a high on July 11. However, the price has since violated both the supportive trendline from January and the 50-day SMA. This indicates a potential downward
The financial markets have been experiencing mixed actions, which has led investors to adopt a cautious stance on Friday. The upcoming economic data releases, particularly the Personal Consumption Expenditures (PCE) Price Index data and the revisions to the July Consumer Sentiment Index, are being closely monitored for insights into the state of the economy. The
As Wall Street prepares to wrap up a challenging week, all eyes are on the Federal Reserve’s preferred gauge of inflation. The personal consumption expenditures (PCE) price index is expected to reflect a 0.1% month-over-month increase, with an annualized figure of 2.5%, closely aligning with the Fed’s 2% target. Analysts at JPMorgan anticipate a 0.2%
The cryptocurrency market is experiencing a significant milestone this week, as spot ether exchange-traded funds (ETFs) have made their debut. This development marks a historic moment for investors and the overall landscape of digital assets. One of the nine spot ether ETF applicants that received approval from the Securities and Exchange Commission is Franklin Templeton.
The USD/JPY pair experienced a significant decline, dropping below key support levels before finding some relief near the 152.00 mark. A major bearish trend line is being formed with resistance at 155.50 on the 4-hour chart. The pair broke through the 156.50 support level, signaling a move into a bearish zone. It further dropped below