The Japanese Cabinet Office recently revised its economic growth forecasts for the fiscal year, highlighting the potential for external demand to outweigh sluggish domestic consumption. This article will delve into the revised projections and explore the factors influencing the Japanese Yen’s performance in light of these forecasts. The updated forecasts indicate that the real economic
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The EUR/USD pair has shown signs of regaining positive momentum during the Asian session on Thursday. This comes as the US Dollar (USD) experiences a modest downtick. The market sentiment seems to support further upward movement and investors are eagerly awaiting the release of US macroeconomic data for potential trading opportunities. The fundamental backdrop appears
The West Texas Intermediate (WTI) price has been facing significant challenges in recent times, particularly due to the unexpected rise in US Crude inventories. This article delves into the reasons behind this inventory build and its impact on the crude oil market. Additionally, it explores other factors affecting prices, such as the US-led coalition’s compliance
During the early Asian session on Thursday, the USD/CAD pair traded on a softer note, edging lower to 1.3351. This decline can be attributed to the ongoing sell-off in the US Dollar (USD). The pair had previously reached four-month lows of 1.3310 and has rebounded slightly to 1.3350. Limited Upside for the US Dollar The