Economic data plays a significant role in shaping the forex markets, and the AUD/USD pairing is no exception. In this article, we will delve into the recent analysis provided by industry experts on the Australian Producer Prices and its impact on the AUD/USD trends. StoneX Market Analyst David Scutt (Scutty) emphasized the potential stagflation scenario
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Central banking is often perceived as a dull and uneventful field. However, departing Swiss National Bank Chairman Thomas Jordan challenges this notion by stating that being prepared to be labeled as boring may actually be key to success. Despite criticisms of inflexibility and a strict focus on price stability, Jordan defends his record of guiding
In a recent development, six major banks, including Bank of America and Citigroup, have agreed to pay a total of $80 million to settle antitrust litigation in New York. The lawsuit accuses these banks of conspiring to manipulate the prices of European government bonds. The preliminary settlement was filed in Manhattan federal court and is
China’s industrial profits saw a 3.6% year-on-year increase in June, following a 0.7% gain in May. This growth trend continued into the first half of the year, with earnings up 3.5% from January to June. The National Bureau of Statistics (NBS) attributed this positive performance to rapid industrial production growth and a decrease in factory-gate
In the world of investing, predicting the future trajectory of tech companies has become increasingly challenging. The recent bout of severe turbulence in the market has left investors rattled and uncertain. The disappointing earnings from tech giants like Tesla, Google-parent Alphabet, and Meta Platforms have set the stage for a potential market shakeup in the
The Russian Central Bank made a significant move by increasing its key interest rate by 200 basis points to 18%, citing high inflation and an overheated economy as key reasons for the decision. This latest hike has brought the cost of borrowing to its highest level in over two years. The central bank also adjusted
When it comes to making financial decisions, it is crucial to conduct your own due diligence. The information provided on various platforms, including news articles, analysis, and opinions, should not be viewed as direct recommendations. It is your responsibility to assess the information, apply your discretion, and seek advice from competent advisors before taking any
As the week comes to an end, Wall Street appears to be heading for a positive close despite facing several challenges. The release of the Federal Reserve’s preferred inflation gauge is expected to have a significant impact on market sentiment. The personal consumption expenditures (PCE) price index for June is anticipated to reflect a 0.1%
The GBPJPY pair has recently pulled back from its 16-year peak of 208.10, marking a significant shift in momentum. This retracement comes after months of sustained uptrend dating back to early 2024. The price has now fallen to its lowest level since May 16, signaling a potential change in trend direction. Key Support and Resistance
The USD/JPY pair has experienced a significant decline, falling below key support levels on the 4-hour chart. The 100 simple moving average and the 200 simple moving average were both breached as the pair dropped below 155.50. Although a recovery wave was initiated, the pair faces strong resistance at the 154.20 level. Further hurdles lie
The cryptocurrency markets are buzzing with excitement as spot ether exchange-traded funds have finally made their debut. This historic week saw nine spot ether ETF applicants, including Franklin Templeton, receiving approval from the Securities and Exchange Commission. Among the approved applicants is Franklin Templeton, the firm behind the Franklin Ethereum ETF (EZET). Despite its promising
Berkshire Hathaway, led by Warren Buffett, has made a significant move in the stock market by decreasing its stake in Bank of America for the sixth consecutive trading day. This decision comes after the conglomerate sold an additional 18.9 million shares, totaling 52.8 million shares over six trading sessions. It raises questions about the reasons
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