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
The International Monetary Fund (IMF) recently raised its global growth forecast, pointing to the unexpected strength of the U.S. economy and fiscal support measures in China. With global growth projected at 3.1% in 2024, an increase of 0.2 percentage points from its previous forecast, the IMF suggests that the risk of a hard landing has
Asian shares experienced a decline on Tuesday after property giant China Evergrande was ordered to undergo liquidation. The court-ordered liquidation intensified concerns about the nation’s fragile property market, leaving investors on edge. The situation surrounding Evergrande Group raises questions about its future and how its impact will ripple throughout the Chinese real estate sector. The
The GBP/JPY pair is experiencing a continued decline, with risk-off sentiment prevailing due to increased tensions in the Middle East. This has led investors to seek the safe-haven status of the Japanese Yen (JPY), thereby putting pressure on the GBP/JPY cross. Additionally, Japan’s Unemployment Rate contracted to 2.4% in December, signaling positive labor market conditions.
EURUSD, a major indicator of Euro’s strength, is currently experiencing a period of indecision. The currency pair is showing sideways movement near the 1.0850 level after two consecutive weeks of negative performance. This lack of a clear recovery signal in the near-term technical outlook reflects the cautious stance of market participants. Traders and investors are
The latest data from the Australian Bureau of Statistics (ABS) reveals that food sales experienced a modest increase of 0.1%. However, there was a significant decline in sales for household goods and department stores, with respective drops of 8.5% and 8.1%. Sales for clothing, footwear, and personal accessories also saw a decline, falling by 5.7%.