The Central Bank of Australia announced today that it will maintain the current interest rate of 4.35%, as anticipated by analysts. However, the bank’s management raised concerns about persistently high inflation and hinted that further rate hikes may be necessary. This cautious yet firm stance indicates that any possibility of policy easing in the near
Inflation and the US presidential election are projected to be the primary factors influencing global markets this year, with traders expressing their concerns in a recent survey conducted by JPMorgan. While the market initially saw hope in slowing inflation leading to significant rate cuts by central banks, recent events have prompted a reevaluation of these
In an interview with Yasser Rezvi, the head of asset liability management at the Inter-American Development Bank (IDB), it was revealed that the bank is planning to offload the risk on some loans in order to expand its lending capacity. This new approach involves shifting away from issuing hybrid bonds, a strategy that the IDB
The US dollar has seen a significant increase in strength against the Euro, with the EUR/USD pair falling to 1.0770 by Monday morning. This movement is largely attributed to the recent release of robust employment sector reports in the US for January, which have shifted investor expectations regarding the Federal Reserve’s interest rate decisions. The
The Indian Rupee (INR) has lost traction in recent days, largely due to the strengthening of the US Dollar (USD). Investors are closely monitoring the Reserve Bank of India (RBI) as it is expected to keep interest rates unchanged. Additionally, the US ISM Services PMI report for January is anticipated to provide further insight into
Asian markets are preparing for a wave of economic data from the Asia-Pacific region on Monday. Investors are eager to react to the strong U.S. employment numbers from Friday, as well as address the growing concerns surrounding China’s economy. This article will analyze the potential impact of the economic data on Asian markets and explore
Federal Reserve Chair Jerome Powell, in an interview with “60 Minutes,” revealed that the central bank plans to proceed cautiously with interest rate cuts this year, moving at a slower pace than what the market expects. Despite the strength of the economy, Powell emphasized the need for more evidence that inflation is moving toward the
In January, the Judo Bank Services PMI increased from 47.1 to 49.1, surpassing the preliminary reading of 47.9. This indicates a slight improvement in the Australian economy, which relies heavily on the services sector accounting for over 60% of the country’s GDP. However, the narrowing of the Australian trade surplus from A$11.437 billion to A$10.959
The AUD/USD pair is facing selling pressure during the early Asian session on Monday as the US Dollar (USD) gains strength. This is primarily due to the release of better-than-expected US job data, which has led to an uptick in the USD, thereby weighing on AUD/USD. This article will analyze the factors contributing to the
The US Dollar Index experienced a significant rally last week after Friday’s release of better-than-expected non-farm payroll data. This surprising report prompted increased demand for the US dollar and resulted in a 0.5% gain for the index. The daily chart revealed that resistance at 103.62, which had been tested multiple times since January 17th, was
Italy is taking a major step towards its renewable energy goals by investing in Enel’s photovoltaic (PV) panel factory in Sicily. Prime Minister Giorgia Meloni announced the allocation of 90 million euros ($97 million) from the National Recovery and Resilience Plan (NRRP) to support the expansion of the factory and establish a new production line.
Investors are becoming increasingly wary of the market dominance of Big Tech companies, leading them to seek alternative investment strategies. This sentiment is driven by the fear that too much money is concentrated in a handful of stocks within popular exchange-traded funds (ETFs) tied to major indices such as the S&P 500 or the Nasdaq