Recently, Jerome H. Powell, the Federal Reserve chair, made statements indicating that the central bank is adopting a patient stance when it comes to deciding on interest rate cuts. This cautious approach is grounded in the current economic landscape, which includes easing inflation rates and stable growth. Powell also emphasized the Fed’s independence from political
The Federal Reserve officials, led by Jerome Powell, are engaging in extensive discussions over the necessity of cutting interest rates. Despite market expectations for a rate cut in June, Powell emphasized the importance of more deliberation and data before taking such a step. He highlighted that recent indicators related to job gains and inflation have
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The USD/JPY chart indicates that the exchange rate has settled at 152 yen per US dollar. However, this apparent stability does not necessarily indicate a calm market environment. In fact, various factors suggest that the market may be on the brink of significant changes. In 2023, a drastic shift in trend occurred around the 152.00
Financial stress is becoming a pervasive issue among adults in major economies around the world. The International Your Money Financial Security Survey conducted by SurveyMonkey revealed that at least half of adults in countries like the U.S., Australia, Spain, and Mexico are feeling stressed about their personal finances. The primary reason cited for this stress
Despite the softer US Dollar, the EUR/USD pair is trading weaker around 1.0765. This comes after the German Harmonized Index of Consumer Prices (HICP) rose by 2.3% year-on-year in March, the lowest level seen since June 2021. The weaker US Dollar Index (DXY) below the 105.00 mark has provided some support to the major pair,
In a recent statement, Cleveland Federal Reserve President Loretta Mester suggested that interest rate cuts are still on the horizon for this year. However, she made it clear that the upcoming May policy meeting will not be the time for such a move. Mester’s perspective was echoed by San Francisco Fed President Mary Daly, who
In recent trading sessions, there has been a confirmed breakout from a small cup-and-handle pattern, with current trading indicating that the larger cup-and-handle pattern is nearing completion. The smaller pattern is a precursor to the completion of the larger pattern, suggesting that USD/JPY values are poised for a significant increase, which in turn could spell
The recent release of positive data regarding the US manufacturing sector has sent the EUR/USD pair tumbling to its lowest point since February 15th of this year. The Institute for Supply Management (ISM) reported a significant increase in the manufacturing business activity index, climbing to 50.3 points in March from 47.8 in the previous month.
Oil prices have been on an upward trajectory, hitting five-month highs and showing consistent growth in every trading session since March 27. The price of a barrel of WTI started the day on Tuesday at $84.6 before slightly retracting by midday in Europe. This recent surge in oil prices can be attributed to various factors,
The recent seesawing of USD/JPY in the narrow range of the 151.000s has left many traders unsure of the next move for this currency pair. Threats of intervention from Japanese authorities have kept bulls at bay, while strong US data has prevented bears from taking control. The speculation on which direction USD/JPY will head next
In a recent report, a government panel in Japan emphasized the importance of shifting the country’s economic policy focus away from crisis-mode stimulus towards achieving private sector-driven economic growth. This recommendation comes in response to the central bank’s decision to end eight years of negative interest rates. The panel highlighted the need for policy changes