The International Your Money Financial Security Survey conducted by SurveyMonkey revealed that at least half of adults in major economies are feeling stressed about their personal finances. The primary reason cited for this stress is inflation. In countries like the U.S., Australia, Spain, and Mexico, approximately 70% of adults reported feeling “very or somewhat stressed”
The EUR/USD pair has been trading softer around 1.0765 despite the weaker US Dollar Index (DXY) below the 105.00 mark. Investors witnessed the pair bouncing off multi-week lows near 1.0720 on Wednesday, signaling some support for the major pair. However, the softer German inflation data on Tuesday has put pressure on the Euro as speculations
Cleveland Federal Reserve President Loretta Mester recently expressed her belief in the possibility of interest rate cuts occurring within the year. However, she specifically ruled out the upcoming policy meeting in May as a potential timing for such action. Additionally, Mester highlighted that the long-run trajectory is anticipated to be higher than what policymakers had
When it comes to financial decisions, it is crucial to conduct your own due diligence to ensure that you are well-informed and aware of all possible risks. The information provided on FX Empire’s website, while informative, should not be solely relied upon when making investment decisions. It is essential to consult with your own financial
The recent price action in USD/JPY has shown a confirmed breakout from a small cup-and-handle pattern, indicating a potential completion of a bigger cup-and-handle pattern. This pattern suggests a bullish trend in USD/JPY, which historically has had a bearish impact on gold prices. The current trading signals are hinting at a possible rally in USD/JPY,
In recent weeks, oil prices have been on the rise, reaching five-month highs and showing a steady upward trend since late March. The price of a barrel of WTI soared to $84.6 at the beginning of this week before slightly retracting later in the day. This increase in oil prices can be attributed to various
The EUR/USD pair experienced a significant drop to its lowest point since February 15, following the release of positive data regarding the US manufacturing sector. The Institute for Supply Management (ISM) reported an increase in the manufacturing business activity index to 50.3 points in March, marking the first improvement since September 2022. This surge above
The USD/JPY pair has been experiencing volatility, with its next move heavily dependent on the actions of the US Federal Reserve. According to Thanos Vamvakidis, Global Head of G-10 FX Strategy at Bank of America Merril Lynch (BofA), the Fed’s decision on rate cuts will play a crucial role in determining the direction of USD/JPY.
Japan finds itself at a crucial crossroads, needing to shift its policy focus away from crisis-mode stimulus towards achieving private sector-driven economic growth. This shift has been prompted by the recent decision of the central bank to end eight years of negative interest rates. A government panel has emphasized the need for policy changes in
UBS recently unveiled a new share repurchase program totaling up to $2 billion, with $1 billion of that amount expected to be executed this year. The bank’s long-term plan includes repurchasing up to $1 billion of shares in 2024, following the completion of the merger between UBS AG and Credit Suisse AG by the end
The Japanese Yen (JPY) continues to face challenges as it fails to capitalize on a modest Asian session uptick against the American dollar. Despite a slight increase, the JPY remains within reach of a multi-decade low reached last week, signaling weakness in the currency. The cautious outlook from the Bank of Japan (BoJ), highlighting that
The recent rally of the U.S. dollar to a 4-1/2-month high against major peers has triggered a flurry of activity in the financial markets. Traders have recalibrated their expectations for the Federal Reserve’s interest rate policy, leading to a surge in the dollar’s value. The dollar’s strength was further bolstered by positive U.S. manufacturing data,