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As per Shane Oliver’s analysis of the US Jobs Report, the US Aug payrolls increased by 142k. The near-term trends for AUD/USD are likely to be influenced by the upcoming US CPI Report. If the figures turn out to be weaker than expected, it could overshadow the softer Australian consumer inflation expectations, leading to a
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Gold prices experienced a 0.30% increase on Tuesday, driven by a decline in US Treasury yields and a weakening US dollar. Traders are eagerly awaiting important US inflation data, as well as the first presidential debate between Kamala Harris and Donald Trump. These events have the potential to significantly impact the market’s overall sentiment. Current
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Shigeru Ishiba, a former Japanese defense minister and a candidate in the ruling party’s leadership race, emphasized the significance of a complete exit from deflation for the country. Despite some improvements in private consumption, Ishiba expressed concerns about the lack of strong recovery in this area. He pledged to work towards achieving sustainable growth in
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The recent movements in the gold price demonstrate a struggle to capitalize on prior gains, with limited downside risk as traders consider the impact of key economic indicators. The shift in the USD’s strength and expectations of a smaller Fed rate cut have contributed to the current market sentiment. Investors are closely monitoring US inflation
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In the world of finance, it is crucial for individuals to understand the importance of due diligence before making any financial decisions. The content provided on various websites, including news, analysis, and opinions, serves as a guide for educational and research purposes. However, it is essential to note that this information should not be considered
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Upon initial analysis, the NFPs may not appear to be weak, but a closer look reveals that the anticipated buying squeeze was short-lived. Despite initial speculations about a 50bp cut in September, the actual odds of this happening remained stagnant at 30%. This lack of movement in the odds follows a previous policy mistake in
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The latest Reuters poll reveals that economists are predicting a decrease in headline year-over-year inflation to +2.6%, which is 0.3 percentage points lower than July’s figure of +2.9%. The estimated range falls between +2.6% and +2.4%. On the other hand, core inflation, excluding energy and food components, is expected to remain steady at +3.2% compared
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