The upcoming week poses a critical juncture for the US dollar, as investors closely monitor the possibility of 2024 Fed rate cuts amidst concerns of a US economic downturn. The FOMC Meeting Minutes scheduled for Wednesday, August 21, are likely to draw significant attention from investors, shaping sentiment towards the US economy, labor market, and
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China is facing a series of economic challenges that are putting pressure on policymakers to take drastic actions. Recent data shows that the world’s second-largest economy is struggling to maintain growth, with new home prices falling at the fastest pace in nine years, industrial output slowing down, export and investment growth declining, and unemployment on
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Following the University of Michigan Sentiment figures and housing market data, the US Dollar experienced a decline. Despite this, markets remain confident about a potential rate cut by the Federal Reserve in September. The Greenback has shown sensitivity to data releases, with traders closely monitoring economic indicators for clues about the future direction of the
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Recently, NZD/JPY has experienced a slight increase, reaching 89.30 and testing the 20-day Simple Moving Average (SMA). This movement indicates a potential shift in the market sentiment towards the currency pair. Looking at the technical indicators, the Relative Strength Index (RSI) is hovering around the 50 mark. Meanwhile, the Moving Average Convergence Divergence (MACD) is
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In the world of finance, it is crucial to always conduct your own due diligence before making any decisions. The content provided on various websites, including general news and publications, can be helpful but should not be solely relied upon for making financial choices. It is essential to apply your own discretion, consult with knowledgeable
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Indonesia recently submitted its 2025 budget plan to parliament, with a focus on maintaining a narrow deficit and continuing structural reforms. The budget proposal, prepared by outgoing President Joko Widodo’s economic team and president-elect Prabowo Subianto’s team, aims to project a deficit of 2.53% of GDP next year, which is narrower than the expected deficit
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The Dollar Index (DXY) is currently experiencing a slight decline, trading at $102.911. A bearish engulfing candle has formed on the 4-hour chart after a retracement to the 38.2% Fibonacci level at $103.039, indicating the potential for further downside correction. Both the 50-day and 200-day EMAs are showing bearish momentum, positioned at $103.027 and $103.872
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