As Asian markets gear up for Thursday’s trading session, investors find themselves on the defensive. The recent slide on Wall Street has cast a shadow over positive global inflationary figures reported earlier. Key economic and policy highlights for the region on Thursday include the Indonesian central bank’s policy decision, consumer price inflation and trade figures
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The USD/CHF pair is experiencing a decline as the US Dollar (USD) weakens, despite the positive performance of US Treasury yields. With the 2-year and 10-year yields standing at 4.36% and 3.86% respectively, the USD/CHF trades lower around 0.8620 during the Asian session on Thursday. However, the US Dollar Index (DXY) remains at around 102.30,
The Australian Dollar (AUD) has retraced its recent losses on Thursday after pulling back from a five-month high at 0.6779. This pullback came after the US Dollar (USD) gained ground against the Aussie Dollar in the previous session due to improved economic data from the United States (US). However, the Australian Dollar’s upward momentum was
The Japanese Cabinet Office recently revised its economic growth forecasts for the fiscal year, highlighting the potential for external demand to outweigh sluggish domestic consumption. This article will delve into the revised projections and explore the factors influencing the Japanese Yen’s performance in light of these forecasts. The updated forecasts indicate that the real economic
The EUR/USD pair has shown signs of regaining positive momentum during the Asian session on Thursday. This comes as the US Dollar (USD) experiences a modest downtick. The market sentiment seems to support further upward movement and investors are eagerly awaiting the release of US macroeconomic data for potential trading opportunities. The fundamental backdrop appears
The West Texas Intermediate (WTI) price has been facing significant challenges in recent times, particularly due to the unexpected rise in US Crude inventories. This article delves into the reasons behind this inventory build and its impact on the crude oil market. Additionally, it explores other factors affecting prices, such as the US-led coalition’s compliance
In the midst of a turbulent global market, the dollar has managed to find its footing once again. A sudden end to the strong rally in U.S. stocks has created a sense of uncertainty among investors, prompting them to seek safety in the dollar. Additionally, an unexpected fall in British inflation has negatively impacted the
Venezuela’s recent release of 30 U.S. and domestic prisoners, including businessman Alex Saab, has presented an opportunity for President Nicolas Maduro to strengthen his political position ahead of next year’s elections, according to analysts. Saab, who had been held in federal jail in Miami since October 2021 on charges of siphoning off $350 million from
In recent years, an increasing number of Americans have been turning to “buy now, pay later” services as an alternative to high-interest credit cards. This trend has been particularly noticeable during the holiday season, as consumers seek to stretch their budgets while shopping for gifts. Roxanne Ross from Florida is one such individual who plans
The CHFJPY pair has experienced a slight decline in the past month, leading many traders to question the overall sentiment surrounding this currency pair. While there may have been some losses, it is crucial to examine the bigger picture and evaluate the long-term performance before jumping to conclusions. In this article, we will delve into
During the early Asian session on Thursday, the USD/CAD pair traded on a softer note, edging lower to 1.3351. This decline can be attributed to the ongoing sell-off in the US Dollar (USD). The pair had previously reached four-month lows of 1.3310 and has rebounded slightly to 1.3350. Limited Upside for the US Dollar The
The Czech National Bank is anticipated to announce its first interest rate cut in over three years as policymakers convene to address the country’s slowing inflation and sagging economy. While Czech central bank officials aggressively raised borrowing costs from June 2021 to June 2022, tightening policy to combat double-digit inflation rates, they have maintained a