The USD/JPY currency pair has once again demonstrated its resilience as the US dollar rallied against the Japanese yen. Amidst the market’s noisy behavior, the pair initially pulled back to the 145 yen level, creating an anticipation for potential support. True to expectations, the market found its footing and showed signs of strength. The current
The AUD/USD exchange rate experienced a slight gain of 0.19% after a previous decline of 0.49% during the previous session. This article explores the potential impact of trade data from Australia and US inflation numbers on the Australian dollar. The analysis delves into the trade relationship between Australia and China, as well as the labor
The Euro (EUR) has shown strength in the currency market, gaining ground against other major currencies. Despite cautious statements from European Central Bank (ECB) policymakers, the Eurozone’s November Unemployment Rate ticking lower has helped bolster the Euro. This positive data has outweighed the contractionary economic activity figures, surprising investors with better-than-expected results. The Euro has
Economists are predicting an increase in headline inflation, with a projected rise of 0.2% in December. This would push the year-over-year inflation rate from 3% to 3.2%. While the Federal Reserve primarily focuses on core inflation, which excludes food and energy prices, headline inflation is crucial for consumers as it encompasses these essential costs. This
The U.S. stock market closed higher on Wednesday, driven by strong performances from megacap companies. However, gains were limited as investors awaited inflation reports and major bank earnings later in the week. Despite the positive momentum, stocks have struggled to find consistent upward movement, with mixed economic data and Federal Reserve officials’ comments impacting investor
Treasury Secretary Janet Yellen has expressed her concerns over former President Donald Trump’s proposal to raise tariffs by 10% across the board. Yellen emphasized that such a plan would ultimately lead to increased costs for American businesses and consumers. While acknowledging the fact that tariffs can be appropriate in certain cases, Yellen indicated that implementing
The fintech industry experienced a significant decline in investment in 2023, indicating a challenging year for the sector. The global figures shared exclusively with CNBC by Innovate Finance, a financial technology industry body, reveal a 48% decrease in investment, with a total of $51.2 billion invested, compared to $99 billion in 2022. Alongside this decline,
The USDJPY pair is currently aiming for a bullish breakout as it approaches Thursday’s US CPI data. Although momentum indicators suggest positive sentiment, caution should be exercised due to conflicting trend signals. On Tuesday, USDJPY found new buyers near its 20-day simple moving average (SMA) at 143.40, resulting in a mild positive close for the
The AUD/USD experienced a decline of 0.49% on Tuesday, reversing the previous day’s gain. The Australian dollar ended the session at $0.66867 after reaching a high of $0.67345 and then falling to a low of $0.66770. Investors are now turning their attention to upcoming economic indicators, including the Australian Monthly CPI Indicator and US mortgage
The USD/JPY experienced a slight gain of 0.17% on Tuesday, partially reversing the previous day’s loss. This article will analyze the impact of wage growth on USD/JPY and consumer spending, as these factors are closely intertwined. Additionally, we will examine the effect of central bank commentary and economic indicators on the currency pair. On Wednesday,
The US Dollar (USD) Index is trading with gains, reaching the 102.50 mark on Tuesday. The Greenback’s upward trajectory is largely driven by the prevailing negative market sentiment, which has investors seeking refuge in the US Dollar. This surge in demand for the USD is fueling its strength in the market. Investors are closely monitoring
As the deadline for a potential federal government shutdown looms in just ten days, U.S. Senate Republicans are raising concerns and emphasizing the need for a short-term funding measure. This measure, known as a continuing resolution (CR), would provide lawmakers with additional time to reach a consensus on full-year spending bills for 2024. However, this