The recent analysis from Commerzbank indicates a positive outlook for the New Zealand Dollar (NZD) in the upcoming months, despite facing downward pressure. The currency has been affected by broader U.S. Dollar strength and domestic issues, which have kept it below last year’s highs. However, the strong labor markets in both New Zealand and Australia,
Recent data suggests that Americans who shop online after midnight are more likely to engage in risky transactions and default on loans. Affirm Chief Financial Officer Michael Linford pointed out that the timing of a consumer’s transaction can be a critical factor in determining credit risk. While most times of the day have similar credit
The US Dollar has seen a modest recovery to 104.423 following a 0.41% dip in the Dollar Index, as the market reacts to a mixed set of US economic indicators. Although there have been contractions in Core Retail Sales and Retail Sales, slight improvements in the Empire State Manufacturing Index and a rebound in the
Gold has long been valued for its historical significance as a store of value and medium of exchange. In addition to its aesthetic appeal in jewelry, it is now widely recognized as a safe-haven asset and an effective hedge against inflation and depreciating currencies. Central banks, recognizing its importance, have been actively diversifying their reserves
The rally from the low of 2.1.2024 appears to be in progress, showing a five-wave impulse Elliott Wave structure. This suggests that the market is currently in an upward trend. In this article, we will analyze the wave patterns and discuss the potential future movements of the market. Wave (i) and (ii) After the 2.1.2024
In a recent speech to the Money Marketeers of New York University Inc, Federal Reserve Bank of Atlanta President, Raphael Bostic, expressed cautious optimism regarding inflation pressures in the United States. While acknowledging progress in slowing down inflation, Bostic emphasized the need for continued vigilance before considering interest rate cuts. This article examines Bostic’s remarks
The price of gold (XAU/USD) continues to hover near a two-month low and struggles to surpass the psychological level of $2,000. The recent surge in the US Dollar (USD) due to delayed Federal Reserve rate cut speculations has put pressure on the non-yielding yellow metal. However, geopolitical tensions in the Middle East have helped limit
Airbus, the world’s largest commercial planemaker, recently announced higher 2023 results, showcasing its ability to thrive in the aviation industry. With a 4% increase in core adjusted operating profit to 5.8 billion euros and an 11% rise in revenue to 65.4 billion euros, the company has demonstrated its financial strength. Furthermore, Airbus predicts a core
The U.K. economy has taken a hit, slipping into a technical recession in the final quarter of last year, according to initial figures released by the Office for National Statistics. Gross domestic product (GDP) for the country shrank by 0.3% in the final three months of the year, marking the second consecutive quarterly decline. While
The recent release of CPI data had a significant impact on the price of Gold, causing it to drop from its recent peak of $2,000 to around the $1980 mark. As we await the release of Retail sales data from the US, it is crucial to carefully analyze the current state of the XAUUSD market
The recent Reserve Bank of Australia (RBA) Press Conference held by Governor Bullock has left many pondering the future of monetary policy in the country. Despite expressing concerns about households and the economic outlook, Governor Bullock did not rule out the possibility of a rate hike. This has sparked a debate among economists and investors,
The gold market has been facing a significant decline recently, as it failed to clear the $2,032 resistance level against the US Dollar. The price corrected lower and traded below a short-term rising channel, with support at $2,020. This downward movement has caused the price to consolidate losses near the $1,990 level. There are several