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Forecasts
The upcoming June inflation report, scheduled for release on July 11, is generating significant buzz among investors and economists. Market predictions suggest a minimal 0.1% month-over-month increase and a 3.1% year-over-year change, with core CPI expected to see a 0.2% uptick. While Bank of America is in alignment with these projections, their forecast leans slightly
The Japanese economy has been facing challenges with a contraction for the third consecutive quarter, raising concerns about a potential fourth quarterly contraction. One of the factors contributing to this trend is the weakness of the Japanese Yen and its effect on private consumption and overall economic performance. Bank of Japan Deputy Governor Ryozo Himino
Investors have a lot to consider this week, with Fed Chair Powell set to testify before the Senate Banking Committee. Powell’s remarks from March emphasized the challenges ahead in reaching the Fed’s 2.0% inflation target, alongside the potential for policy adjustments this year. Market expectations are high for Powell to echo similar sentiments during the
In a recent analysis of the Australian economy, experts have highlighted the implications of inflation on the Reserve Bank of Australia (RBA) and the overall economic outlook. Bloomberg TV APAC Chief Markets Editor, David Ingles, noted in June that the Monthly CPI Indicator showed hotter-than-expected results. This led to speculation that there could be a
The recent merger of Fetch.ai, Ocean Protocol, and SingularityNET has garnered attention in the crypto space. Rather than launching a new token, these projects have decided to consolidate under the FET ticker. The price action of FET has closely followed the market downtrends, with a significant 36.53% drop within the weekly timeframe. Despite this, the
Recent labor market indicators have shown a significant decline in hiring activities, with the ANZ-Indeed Job Ads decreasing by 2.2% in June. This follows a 1.9% decline in May, indicating a potential slowdown in the pace of hiring across various industries. The weakening of the labor market could have a direct impact on wage growth
The Australian Trade Balance has seen a deterioration due to various factors such as lackluster demand from China, the collapse of the real estate market, and the slump in iron ore prices during the first half of 2024. Additionally, trade tensions between countries and the weak global demand environment have also played a significant role
The monthly scale of the currency pair has shown promising signs of a potential breakout. The price has been forming higher highs and higher lows, indicating a bullish trend. In January 2023, the pair reached a high of $1.2448, followed by a higher low of $1.1803 in March 2023. Subsequently, another higher high was reached
As the Reserve Bank of Australia (RBA) considers its next move to return inflation to target levels, investors are left questioning how determined the Board is in this pursuit. With a deteriorating labor market and macroeconomic conditions, the possibility of an August rate hike looms large. The RBA Meeting Minutes could offer insights into the
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The US ISM Manufacturing Purchasing Managers’ Index (PMI) is a key economic indicator that provides insights into the health of the manufacturing sector in the United States. The latest data on the US ISM Manufacturing PMIs for the month of June is eagerly awaited by investors and analysts alike. It is important to note that