Forecasts

In recent months, the United States has experienced a decrease in annual headline inflation rates, marking a significant shift in economic trends. The most notable factor contributing to this decline has been the reduction in energy costs, which has had a ripple effect on other sectors such as shelter, vehicles, and transportation. Despite this overall
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The upcoming June inflation report, scheduled for release on Thursday, July 11, is creating a buzz among investors and economists alike. Market expectations are leaning towards a 0.1% month-over-month increase and a 3.1% year-over-year change, with core CPI forecasted to go up by 0.2%. Bank of America is in agreement with these projections but is
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The recent GDP data from Japan reveals a concerning trend – the economy has contracted for the third consecutive quarter, raising concerns of a possible fourth quarterly contraction. A key question that arises is whether the weakness of the Japanese Yen is impacting private consumption and the overall economy. The Bank of Japan’s Deputy Governor
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Investors will be closely monitoring Fed Chair Powell’s testimony before the Senate Banking Committee this week. Powell’s comments at the March testimony highlighted the bumpy path back to the Fed’s 2.0% inflation target and the possibility of dialling back on policy this year. However, he stressed the need for confidence in the disinflation process. Markets
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The recent merger of Fetch.ai, Ocean Protocol, and SingularityNET under the FET ticker has caused a stir in the cryptocurrency market. Rather than introducing a new token, these projects have decided to join forces, streamlining operations and enhancing collaborative capabilities. However, the price action of FET has not been immune to the overall downtrend in
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The Australian Trade Balance has been facing a deteriorating trend due to various economic factors. China’s lackluster demand, the collapse of the real estate market, and the slump in iron ore prices in the first half of 2024 have all contributed to this downward trend. Additionally, trade tensions between Australia and China, as well as
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When examining the monthly scale of EUR/USD, it becomes apparent that there is potential for a significant breakout. This is evidenced by the higher highs and higher lows that have been forming. In January 2023, the price reached a peak at $1.2448, followed by a higher low of $1.1803 in March 2023. Subsequently, another higher
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