The article discusses how the Labour Party’s victory in the UK parliamentary election is impacting the EUR/GBP pair. The party won 337 seats, giving it a majority in the House of Commons. This news seems to have a positive effect on the Pound Sterling as it edges higher. It is noted that a Labour victory
The recent data on U.S. job growth indicates a slowdown in the pace of employment in June, with the unemployment rate remaining steady at 4%. This moderation in job creation is expected to have a significant impact on the Federal Reserve’s ability to manage inflation without causing a recession. While the nonfarm payrolls are projected
The gold price is making a comeback, heading closer to a two-week high after attracting fresh buyers during the Asian session. The US Dollar remains subdued for the fourth consecutive day, hovering near a multi-week low as speculation mounts over an upcoming rate cut by the Federal Reserve in September. This anticipation has been fueled
The analysis provided on the USD/JPY pair in the original article seems to be detailed and thorough. It mentions that the pair climbed to a multi-year high at 161.95 before correcting lower. However, the downside correction is not viewed as a negative sign, but rather as a normal part of the market movement. The article
Recent labor market indicators have shown a significant decline in hiring activities, with the ANZ-Indeed Job Ads decreasing by 2.2% in June. This follows a 1.9% decline in May, indicating a potential slowdown in the pace of hiring across various industries. The weakening of the labor market could have a direct impact on wage growth
The UK’s Labour Party, under the leadership of Keir Starmer, is projected to secure a significant majority in the upcoming 2024 UK election, according to an exit poll. The poll forecasts that Labour is poised to claim approximately 410 seats out of the 650-seat House of Commons, while the Conservative Party is expected to win
European shares saw a rise on Thursday fueled by optimism surrounding potential U.S. interest rate cuts following soft economic data. The pan-European STOXX 600 index climbed 0.6%, reaching a one-week high. This positive trend was further reinforced by a 0.8% advancement in Britain’s FTSE 100 market. Investors eagerly awaited the UK general election results as
The AUD/USD pair has experienced a downside correction from the 0.6735 zone recently. Despite starting a fresh increase from the 0.6635 support level, the pair has faced resistance near 0.6720. The ongoing correction has led to a decline below the 0.6720 level, indicating a potential move towards the key support at 0.6700. If this support
As the US celebrates its independence from a monarch, there is widespread speculation in the media about whether President Biden will run for re-election. However, experts suggest that the markets are unlikely to react significantly to such speculation at this point. Instead, the focus remains on the potential impact of economic policy changes on the
The Bank of Israel is expected to keep its short-term interest rates at 4.5% for the fourth consecutive meeting, according to a Reuters poll of 15 economists. The decision to maintain the benchmark rate comes amid a backdrop of the war in Gaza, persistent inflation, and an increasing risk premium. Despite forecasts of a 3.2%
China is currently in discussions with the European Union regarding the potential tariffs that the EU plans to impose on imported Chinese electric cars. The European Commission had announced the possibility of additional duties on Chinese EVs if negotiations were not successful by July 4. The Chinese Ministry of Commerce is hoping for a resolution
The market for initial public offerings in Hong Kong is expected to see significant improvement over the next five years, starting in the second half of this year. George Chan, global IPO leader at EY, mentioned in an interview with CNBC that while it may take a couple of years to reach the peak levels