Forecasts

The Core PCE Price Index is a key indicator to watch as economists predict a 2.8% year-on-year increase in April. This data, along with expectations of a 0.3% rise in personal income and spending, can have significant implications for the AUD/USD exchange rate. The rise in personal income and spending in March may lead to

The US economy saw a significant slowdown in the first quarter of 2024, with growth only expanding by 1.3% compared to the previous quarter’s 3.4% growth. Economists are also predicting an increase in initial jobless claims, which could impact consumer spending and inflation levels. With tight labor market conditions supporting wage growth, disposable income is

Private consumption plays a crucial role in the Japanese economy, accounting for approximately 60% of its total economic activity. When the Yen weakens, it pushes import costs higher, which in turn affects the prices of goods and household spending. This impact on consumer behavior can have far-reaching implications for the overall economic outlook. The continued

The early hours on Monday did not see much activity in the market due to Memorial Day in the United States and a bank holiday in Britain. This led to a decrease in liquidity, impacting trading volumes. Looking at the chart, the bullish trend of the USD/JPY pair is evident, prompting investors to view any

Last week, gold and silver prices experienced a decline as a result of the Federal Reserve’s hawkish meeting minutes and strong U.S. economic data. The Fed officials underscored the importance of maintaining control over inflation before considering any rate cuts. This stance by the Fed led to an expectation of delayed rate cuts, causing the

Investors are closely monitoring comments from Fed speakers, particularly concerning inflation, the economic outlook, and interest rates. These comments have the potential to significantly impact investor expectations, as seen in the recent shift following the FOMC Meeting Minutes, labor market data, and the US Services PMI. The increase in Michigan Inflation Expectations from 3.2% to

The recent meeting of the Federal Open Market Committee (FOMC) highlighted the stagnant nature of the Fed funds target rate, remaining at 5.25%-5.50% for a consecutive six meetings. Fed Chair Jerome Powell emphasized the lack of progress on inflation, stating the need for greater confidence in the disinflation process before considering policy easing. Despite Powell’s

The dollar faced significant resistance at 105.04 and the 50-day SMA at 104.98, resulting in a lower finish on Friday. Looking ahead, the 200-day SMA at 104.39 serves as a logical downside support target, with a break potentially leading to support at 103.62. The Relative Strength Index (RSI) failed to move above the 50.00 centreline

It is crucial to understand the importance of performing your own due diligence checks before making any financial decisions. The content provided on websites often includes general news, publications, personal analysis, and opinions, which may not always be accurate or provided in real-time. When it comes to trading in financial instruments such as cryptocurrencies and

The recent comments by FOMC members Michael Barr and Raphael Bostic have added to the uncertainty surrounding the possibility of a Fed rate cut in September. While some Fed speakers are hesitant to support a rate cut until there is more confidence in inflation returning to target levels, market expectations still lean towards a rate

Recent statements from FOMC members such as Raphael Bostic, Loretta Mester, and Michelle Bowman have hinted at a cautious approach towards interest rate hikes. Emphasizing the need for a sustained higher Fed rate to reach the 2% inflation target, coupled with warnings about a potential rate hike in case of rising consumer prices, has fueled

When considering the influence of retail sales figures on the Federal Reserve rate path, it is crucial to understand that weaker-than-expected retail sales data could lead to a downward revision of the inflation outlook. This, in turn, would diminish the likelihood of a Federal Reserve rate hike in the near future. Economists are predicting a