Economists are predicting that the Leading Economic Index will rise from 107.6 to 109.4 in December. This positive outlook for the Japanese economy could potentially support buyer demand for the Yen. However, it is important to note that the impact of the Leading Economic Index on the Bank of Japan’s plans to exit negative interest
Forecasts
UBS, one of the world’s largest wealth managers, has exceeded fourth-quarter earnings expectations. Despite consecutive losses due to Credit Suisse integration, the bank reported a narrower net loss of $279 million, surpassing the forecasted loss of $372 million. This impressive performance has led to a significant share buyback plan worth $1 billion and a 27%
In January, the Judo Bank Services PMI increased from 47.1 to 49.1, surpassing the preliminary reading of 47.9. This indicates a slight improvement in the Australian economy, which relies heavily on the services sector accounting for over 60% of the country’s GDP. However, the narrowing of the Australian trade surplus from A$11.437 billion to A$10.959
The US Dollar Index experienced a significant rally last week after Friday’s release of better-than-expected non-farm payroll data. This surprising report prompted increased demand for the US dollar and resulted in a 0.5% gain for the index. The daily chart revealed that resistance at 103.62, which had been tested multiple times since January 17th, was
The global economy is constantly evolving, and it is crucial to stay informed about the latest developments and trends. In this article, we will analyze the current economic situation, focusing on factors such as the Federal Reserve’s decision, geopolitical instability, and the impact on different financial markets. Additionally, we will explore the performance of gold
In recent reports, the impact of manufacturing sector data on Bank of Japan (BoJ) plans to exit negative interest rates has been discussed. However, it is important to note that the manufacturing sector contributes less than 30% to the Japanese economy. Therefore, the influence of this data on the BoJ’s decision-making process should be limited.
The Australian dollar (AUD) has been experiencing fluctuations against the US dollar (USD) due to various factors, including inflation rate and private sector PMI numbers from China. This article will analyze the impact of these factors on the AUD/USD exchange rate and discuss potential future trends. In the fourth quarter, the annual inflation rate in
The latest data from the Australian Bureau of Statistics (ABS) reveals that food sales experienced a modest increase of 0.1%. However, there was a significant decline in sales for household goods and department stores, with respective drops of 8.5% and 8.1%. Sales for clothing, footwear, and personal accessories also saw a decline, falling by 5.7%.
The recent inflation numbers for Tokyo have shown a softer-than-expected rate of inflation, reducing the pressure on the Bank of Japan (BoJ) to take immediate action. The annual inflation rate has eased from 2.4% to 1.6%, and core inflation has declined from 2.1% to 1.6%. However, the BoJ is closely monitoring wage growth and household
The Federal Open Market Committee (FOMC) held its last meeting in December 2024 and decided to keep interest rates unchanged. This decision was accompanied by a signal for several rate cuts throughout 2024. However, as we approach the next FOMC meeting, there are mixed opinions among Fed representatives regarding the appropriate course of action for
The recent report by the Commerce Department has revealed that inflation is cooling in the United States. With a reading of 2.9% yearly, there has been a decline of 0.3% when compared to the previous month’s inflation level. This indicates that the recent restrictive monetary policy of the Federal Reserve has made an impact on
The US Dollar Index showed bullish behavior on January 26, gaining 0.18% and reaching 103.321. This upward movement was primarily fueled by positive U.S. economic data. The Advance GDP growth exceeded expectations at 3.3%, suggesting a robust U.S. economy. Although the Unemployment Claims slightly surpassed forecasts at 214K, they still indicated a stable job market.