The dollar index is on track for its first weekly decline this year, as lower U.S. bond yields reshape the financial market. Traders are closely watching the U.S. jobs data expected later today, as it may provide insights into when the Federal Reserve will begin easing rates. The decline in the dollar index is driven
The British Pound (GBP) has started a fresh increase against the US Dollar (USD), with the GBP/USD pair rising above the 1.2625 level. This upward movement comes after the pair formed a base above the 1.2665 resistance zone. The bulls managed to push the pair above the 1.2725 level and the 50-hour simple moving average.
Deutsche Bank, the largest bank in Germany, has announced its impressive fourth-quarter earnings, surpassing expectations and solidifying its place as a strong player in the banking industry. Despite a nearly 30% decline in net profit compared to the same quarter the previous year, the bank reported a net profit of 1.3 billion euros ($1.4 billion),
Indian Prime Minister Narendra Modi’s government is set to present its final budget before elections, with an emphasis on fiscal prudence and infrastructure spending. The budget for the financial year 2024/25 will be announced by Finance Minister Nirmala Sitharaman, and is expected to lay out the government’s economic vision for the country for the next
The AUD/JPY cross is experiencing a decline for the third consecutive day, indicating vulnerability to further sliding. During the Asian session, spot prices dropped to a nearly one-month low, currently trading around the 96.20-96.15 area. Bears are now aiming to push prices below the 100-day Simple Moving Average (SMA), extending the downward trajectory. The Australian
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 notion of a “Goldilocks” economic scenario, where the economy is neither too hot nor too cold, has been shattered by recent developments in the financial world. In a recent interview with CNBC’s “Closing Bell,” DoubleLine Capital CEO Jeffrey Gundlach expressed his belief that the Federal Reserve’s actions have derailed the hopes for such an
Germany and the Eurozone in an Economic Downturn Germany, one of Europe’s economic powerhouses, is currently facing consecutive economic contractions. This comes at a time when the Eurozone as a whole is grappling with diverse economic conditions. The upcoming flash CPI inflation figures are set to take center stage as they shape market expectations regarding
The British Pound experienced a fresh decline as it encountered selling pressure near 1.2775 against the US Dollar. Currently, GBP/USD is holding the support levels at 1.2620 and 1.2600, potentially signaling the start of a fresh increase. The 4-hour chart reveals some positive signs from the 1.2640 support, as the bulls attempt to push the
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
In a recent survey conducted by Lloyds Bank, it was revealed that British businesses recorded the highest level of confidence in nearly two years at the beginning of 2024. This news comes as positive for the Bank of England (BoE) ahead of its upcoming interest rate decision. However, despite increased staffing plans, wage growth does
The Bank of Japan (BOJ) has come under scrutiny for its monetary easing policy as several members express concerns regarding its effectiveness in achieving the inflation target of 2%. In the Summary of Opinions released by the BOJ, various members highlighted the need for a positive wage-inflation spiral and emphasized the importance of strengthening wage