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Forecasts
The tech sector experienced mixed results in the latest trading session. Infineon Technologies and SAP both suffered losses, with decreases of 0.78% and 0.30% respectively. This trend could be a cause for concern, as it may indicate a broader downturn in the tech industry that investors should keep an eye on. Similarly, auto stocks displayed
After the recent US Job Report, there are expectations of a pickup in hiring which could potentially support wage growth and increase disposable income. This, in turn, may fuel consumer spending and demand-driven inflation. The net effect of this could lead to a higher-for-longer Fed rate path to raise borrowing costs and reduce disposable income.
It is not uncommon for gold prices to rise alongside equities, contrary to popular belief. While many may view higher stock prices as a sign of a risk-on environment, gold demand often increases when investors seek a safe haven. Looking back at historical data, we can see instances where gold rallied alongside the equity market.
The US Jobs Report released on June 7 had a significant impact on the USD/JPY exchange rate, pushing it towards the 157 level. The report exceeded expectations, leading to speculation about the future direction of the exchange rate. This could potentially force the Bank of Japan (BoJ) to consider implementing measures to strengthen the Japanese
The focus on the Japanese Yen remains high as investors eagerly await the Bank of Japan’s interest rate decision. Speculations suggest that the Bank of Japan will leave interest rates untouched on Friday. However, the main attraction will be the monetary policy statement and press conference that follows. Analysts will be looking for forward guidance
Bank of Japan Deputy Governor Ryozo Himino raised concerns regarding the impact of exchange-rate fluctuations on economic activity and inflation. The comments from Deputy Governor Himino and board member Nakamura show a difference in focal points within the BoJ, which could lead to conflicting strategies in the future. Investor attention will be focused on the
In recent times, there has been an unexpected spike in initial jobless claims that has caught the attention of investors. This surge has the potential to influence betting on a Fed rate cut in September. The ripple effect of weaker labor market conditions can be felt in various aspects of the economy, such as wage
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. This involves researching and analyzing the various factors that could impact your investment. By performing your own due diligence, you can make informed decisions that are aligned with your financial goals and risk tolerance. Trading in cryptocurrencies, contracts for
The AUD/USD currency pair is often influenced by a variety of economic data releases. These data points can provide crucial insights into the health of the economies of both Australia and the United States, leading to fluctuations in the exchange rate between the two currencies. One of the key factors that can impact the near-term
The unemployment rate is expected to hold steady at 3.9%, with a high estimate of 4.0% and a low of 3.8%. Wage growth is projected to see a moderate increase from +0.2% to +0.3% between April and May, maintaining a year-over-year growth rate of +3.9%. In addition to these key figures, the upcoming week also
As we approach the release of GDP numbers for Q1 in Australia, the market is eagerly anticipating the impact it will have on buyer demand for the Aussie dollar. Economists are forecasting a modest expansion of 0.2%, following a 0.2% growth in Q4 of the previous year. Additionally, trade data for April will also be