The leader of the hard-left France Unbowed Party, Jean-Luc Melenchon, is portrayed as a fiery orator with a divisive reputation in French politics. Known for his unorthodox proposals and class war rhetoric, Melenchon has faced accusations of antisemitism. Despite his political experience and previous presidential runs, he has not been able to secure a win,
Potential
The AUD/USD pair has been on an upward trajectory, reaching a six-month high of 0.6752. This surge in the currency’s strength is attributed to market expectations that the Reserve Bank of Australia (RBA) may diverge from the global trend of reducing interest rates. The anticipation of a potential rate hike in response to rising inflation
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
The gold price has seen a decrease in momentum below the $2,400 barrier due to China’s Central Bank’s decision to stop buying gold for the second consecutive month in June. This pause in gold buying by the world’s largest bullion consumer has had a noticeable impact on the price of the precious metal. There is
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
The Asian market seems to be on a positive trajectory as investors start the week with a positive mood. The recent U.S. job figures have reinforced the “soft landing” narrative, resulting in a decrease in the dollar and bond yields. This has fueled the ongoing rally in stocks, with most major equity markets worldwide reaching
In recent years, there has been a significant surge in employment scams targeting job seekers. Criminals are leveraging sophisticated techniques, including artificial intelligence, to trick unsuspecting individuals into providing personal information and money. The Identity Theft Resource Center reported a 118% increase in consumer reports of job scams in 2023 compared to the previous year.
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
The Australian economy is under scrutiny, especially with the recent hotter-than-expected monthly CPI indicator. This has led to speculation about a potential rate hike by the Reserve Bank of Australia (RBA) in September. However, experts remain divided on the matter, with some predicting a rate cut instead. This uncertainty has created a challenging environment for
Thailand’s automotive landscape is shifting, with electric vehicles (EVs) taking the lead as the future of transportation. Chinese automaker BYD has recognized the potential of this market and is making strategic moves to solidify its position in Thailand. BYD’s decision to acquire a 20% stake in Rever Automotive, its local distributor, showcases its commitment to
The upcoming U.S. presidential election has sparked fluctuations in bond yields as investors brace themselves for potential outcomes. President Joe Biden’s performance in the initial debate against rival Donald Trump caused yields to rise significantly, signaling a shift in market sentiment. The prospect of another term for Trump has led some investors to anticipate higher
In Friday’s early European session, the EUR/GBP cross was trading with a mild bearish bias around 0.8475. The main reason for this was the victory of the Labour Party in the parliamentary election, securing 337 seats and gaining a majority in the House of Commons. This outcome has generated optimism among investors, as Keir Starmer’s
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