The upcoming session will shed light on employment cost – wages and the CB Consumer Confidence, both of which are crucial factors that could influence the AUD/USD trends. Economists predict a 0.9% increase in employment cost – wages in Q1 2024, following a similar rise in Q4 2023. Higher-than-expected wages could potentially impact investor expectations
Japan’s currency, the yen, experienced a dramatic surge against the dollar recently, leaving many traders speculating about the reasons behind this sudden move. This intervention by Japanese banks is the first of its kind in 18 months and has caused ripples in the foreign exchange market. As we delve deeper into the implications of this
Silver prices have been on the rise, with XAG/USD trading at $27.39 per troy ounce, up 0.64% from Friday. This increase of 7.54% since the beginning of the year has caught the attention of investors. But what exactly drives these price movements? One important indicator to watch is the Gold/Silver ratio, which stood at 85.38
The USD/JPY pair has continued its rally, reaching a key long-term resistance level of 159.60, marking a significant milestone in its upward trajectory. The swift upmove in the Asian session has led to increased volatility, raising concerns about the potential for FX intervention to stabilize the market. Abrupt intraday movements in the pair have added
As traders in Europe wake up to a nervy currency market, the recent sharp reversal of the yen from its slide past 160 per dollar on Monday has sparked speculation. Some have suggested that Tokyo could be behind the move, especially as the jump in the yen to a session-high of 156.55 per dollar came
The EUR/USD pair has shown signs of gaining ground, reaching 1.0710 amid a weaker US Dollar on Monday. This movement in the major pair can be attributed to various economic factors influencing the foreign exchange market. The US PCE inflation data, which rose by 2.7% YoY in March, surpassing expectations, has played a role in
Local Chinese authorities have made the decision to lift restrictions on Tesla cars following the successful compliance of the company’s vehicles manufactured in China with the country’s data security regulations. This development occurred as Tesla CEO Elon Musk made a surprise visit to Beijing and engaged in discussions with Chinese Premier Li Qiang, coinciding with
The EUR/USD pair has been on a rollercoaster ride, starting a recovery wave from the 1.0600 zone. Despite testing the 1.0598 low, the bulls managed to make an appearance and push the pair above the 1.0650 and 1.0680 resistance levels. However, the bears are showing some activity near the 1.0740 level, causing the pair to
In today’s fast-paced and ever-changing financial landscape, it is more important than ever to conduct thorough due diligence before making any investment decisions. Whether you are considering investing in cryptocurrencies, contracts for difference (CFDs), or any other financial instruments, understanding the risks involved is crucial. These complex instruments come with a high risk of losing
The Federal Open Market Committee (FOMC) meeting in May is highly anticipated, with expectations of no change in the Fed funds target range. The Fed is likely to maintain the target range at 5.25%-5.50%, given persistent inflation above the 2.0% target. Despite the hot PCE inflation data, coupled with strong employment growth, the Fed has
Bill Gates, the tech billionaire turned philanthropist, has issued a warning regarding the fight against polio. Despite the efforts and billions of dollars poured into the cause, success is not guaranteed. While celebrating a $500 million pledge from Saudi Arabia towards combating polio over the next five years, Gates highlighted that there is still a
Thailand recently appointed former energy executive, Pichai Chunhavajira, as the country’s new finance minister, tasked with the challenging job of revitalizing Southeast Asia’s second-largest economy. The 75-year-old, who previously served as an adviser to Prime Minister Srettha Thavisin, now steps into the role of finance minister and deputy prime minister, as announced by the official