The recent comments made by Judo Bank Chief Economic Advisor Warren Hogan regarding the weak new property sales in China and the corresponding decrease in steel demand and production highlight a concerning trend in the global economy. This indicates potential challenges for economic growth and development, especially in key sectors such as real estate and
Forecasts
In a recent paper discussing service prices, the authors highlighted the changing behaviors in price-setting among businesses due to the increasing pressure on wages. This shift raises questions about the potential spread of this phenomenon and calls for a more in-depth analysis to understand its implications. Market Analysis and Speculation According to ARK Invest CEO
When browsing through financial websites, it is important to remember that the content provided is often a combination of general news, personal analysis, and opinions. While this information can be valuable for educational and research purposes, it should not be considered as a recommendation or advice to take any specific action, such as making an
In the world of finance, it is crucial to conduct thorough due diligence before making any investment decisions. The information provided on financial websites should be taken with a grain of salt, as it may not always be accurate or up to date. It is essential for individuals to perform their own research, seek advice
The Australian labour market has been displaying resilience, posing challenges for lower inflation. The recent Consumer Price Index (CPI) data revealed that annual inflation is in line with expectations. However, the sustained strength of the services sector, fueled by a robust jobs market, is preventing a significant decline in inflation. Additionally, annual wage growth in
The upcoming week holds a crucial significance for the US dollar as investors eagerly await the decision on 2024 Fed rate cuts. Speculation about a potential hard economic landing in the United States has added to the uncertainty. The FOMC Meeting Minutes scheduled for August 21 will provide valuable insights, shaping investor sentiment towards the
The Dollar Index (DXY) is currently experiencing a slight decrease, trading at $102.911. The index has recently retraced to the 38.2% Fibonacci level at $103.039, where a bearish engulfing candle has formed on the 4-hour chart. This indicates the potential for further downside correction. Both the 50-day and 200-day EMAs, situated at $103.027 and $103.872,
The US Retail Sales data has significantly impacted the market sentiment, especially in relation to the US CPI Report and the Fed rate path. Chief Economist Parker Ross highlighted the resurgence of core services inflation in July, signaling a bounce back from previous lows. This shift has brought attention to the US labor market data
The recent unexpected interest rate hike by the Bank of Japan to around 0.25% has stirred up the financial markets, particularly with the announcement of a cut to Japanese Government Bond purchases. The BoJ Governor’s revelation of possible further rate hikes and a neutral interest rate of around 1% has led to a surge in
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. The content found on websites offering financial advice and analysis should be treated as a starting point rather than a definitive recommendation. It is important to apply your own discretion and consult with financial advisors before taking any action.
As investors eye the possibility of a significant bottom in the silver market, it is crucial to acknowledge the potential risks that could impede the expected rally. Economic uncertainty looms large, with stronger-than-expected global economic growth or sudden financial instability posing a threat to silver demand dynamics. Moreover, the Federal Reserve’s decision to raise interest
The recent data on US initial jobless claims has sparked a positive reaction in the equity markets, with indices like the Nasdaq Composite Index, Dow, and S&P 500 experiencing significant gains. This reaction suggests that investors are relieved by the drop in unemployment benefit claims, leading to optimism about the state of the labor market.