The Australian dollar has started to climb towards 0.6552 on Monday after hitting a 12-week low. Investors are eagerly anticipating the release of Australian inflation data, which is expected to have a significant impact on the Reserve Bank of Australia’s future decisions. Over the past two weeks, the AUD/USD pair has experienced a decline of
Potential
The article starts by highlighting the rise in U.S. stock futures at the beginning of the week due to several major central bank meetings and key tech company earnings. It mentions that Apple is incorporating artificial intelligence features into its products and that the European corporate results season is ongoing. The focus is on the
President Dina Boluarte of Peru expressed optimism about the country’s economy during her Independence Day speech to Congress. Despite facing allegations of corruption and abuse of power, she projected higher-than-expected economic growth and announced plans to formally call for elections scheduled for 2026 by next April. Boluarte succeeded Pedro Castillo in late 2022 after his
There is a growing belief among some economists that quantitative tightening (QT) could potentially lead to a stronger and more sustainable Japanese Yen. The Bank of Japan (BoJ) is set to announce cuts to its Japanese Government Bond (JGB) purchases in July, a move that could have significant implications for the currency market. According to
The USD/JPY pair began the new week on a positive note, with some upside potential but limited. The positive risk tone seen in the market has dampened the demand for the safe-haven Japanese Yen, providing some support to the major currency pair. Traders are now eagerly awaiting the crucial policy decisions from the Bank of
The Bank of England’s Chief Economist, Huw Pill, recently expressed concerns about the strength of services inflation and wage growth. This hints at a possible shift towards a more hawkish monetary policy stance. This comes at a time when the UK economy is facing challenges such as high services inflation and an elevated unemployment rate.
Economic data plays a significant role in shaping the forex markets, and the AUD/USD pairing is no exception. In this article, we will delve into the recent analysis provided by industry experts on the Australian Producer Prices and its impact on the AUD/USD trends. StoneX Market Analyst David Scutt (Scutty) emphasized the potential stagflation scenario
In a recent development, six major banks, including Bank of America and Citigroup, have agreed to pay a total of $80 million to settle antitrust litigation in New York. The lawsuit accuses these banks of conspiring to manipulate the prices of European government bonds. The preliminary settlement was filed in Manhattan federal court and is
In the world of investing, predicting the future trajectory of tech companies has become increasingly challenging. The recent bout of severe turbulence in the market has left investors rattled and uncertain. The disappointing earnings from tech giants like Tesla, Google-parent Alphabet, and Meta Platforms have set the stage for a potential market shakeup in the
When it comes to making financial decisions, it is crucial to conduct your own due diligence. The information provided on various platforms, including news articles, analysis, and opinions, should not be viewed as direct recommendations. It is your responsibility to assess the information, apply your discretion, and seek advice from competent advisors before taking any
The GBPJPY pair has recently pulled back from its 16-year peak of 208.10, marking a significant shift in momentum. This retracement comes after months of sustained uptrend dating back to early 2024. The price has now fallen to its lowest level since May 16, signaling a potential change in trend direction. Key Support and Resistance
The USD/JPY pair has experienced a significant decline, falling below key support levels on the 4-hour chart. The 100 simple moving average and the 200 simple moving average were both breached as the pair dropped below 155.50. Although a recovery wave was initiated, the pair faces strong resistance at the 154.20 level. Further hurdles lie
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