As we head into the upcoming week, investors will be closely monitoring several key economic indicators that could have an impact on currency markets. One of the major points of interest will be the release of Australian retail sales data, which is scheduled for Wednesday. This report is expected to provide insights into consumer spending
Sales
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
As the U.S. stock market bounces back, hopes for an economic soft landing are once again on the rise. The S&P 500 has surged over 6% since a significant drop on August 5th, leading to the largest three-day slide in over two years. The rapid recovery has been fueled by positive data on retail sales,
The U.S. stock market ended higher on Friday, with the S&P 500 and the Nasdaq notching their seventh straight session of gains. This marked the biggest weekly percentage gains of the year as worries of an economic downturn eased and investors shifted their focus to the upcoming Jackson Hole Economic Symposium. The recent sell-off triggered
The current market sentiment seems to be concentrated more on growth-related macroeconomic data rather than concerns about inflation risk. This change in focus can be attributed to fears of a potential US recession or hard-landing scenario. The recent soft US retail sales data has only added to these concerns, sparking apprehension among investors. The Nasdaq
The AUD/JPY cross has gained momentum near 97.55 during the Asian session, marking a 0.36% increase for the day. One of the contributing factors to this uptrend is the positive Chinese economic data released. In July, Chinese Retail Sales rose by 2.7% year-over-year, surpassing market expectations and providing support to the Australian Dollar. However, the
Global markets have been showing signs of stability, with Asian stocks remaining firm on Thursday. The dollar, however, has been on the back foot due to lower U.S. Treasury yields. This has been attributed to the release of benign consumer inflation data, which has reinforced expectations for the Federal Reserve to start cutting interest rates
The recent US Retail Sales report has sparked discussions among economists and analysts regarding its impact on the US economy. One notable comment comes from Arch Capital Global Chief Economist Parker Ross, who pointed out the significance of core services inflation bouncing back in July. This shift in inflation trends has raised concerns among Fed
The persistent selling bias surrounding the Greenback has continued, resulting in subdued price action for yet another session. This downward trend has been exacerbated by the latest July CPI data, which confirms the ongoing disinflationary pressures in the US economy. The USD Index (DXY) experienced a drop to multi-day lows near 102.30 as a direct
Following the unexpected decision by the Bank of Japan to raise interest rates to around 0.25%, the financial markets experienced a series of reactions. The Yen rallied while the Nikkei 225 briefly collapsed. Economists have expressed concerns over the unwinding of the Yen carry trade, suggesting that more volatility could be on the horizon for
The recent trading sessions have seen the USD/CHF pair trading in positive territory near 0.8670. The focus of investors has now shifted towards the upcoming US economic data releases. The US Producer Price Index (PPI), Consumer Price Index (CPI), and Retail Sales data are set to be released this week on Tuesday, Wednesday, and Thursday
The dollar seemed to be in a state of limbo on Tuesday, leaving investors on edge as they eagerly awaited the release of U.S. economic data. The greenback was seen idling at 147.17 yen, after briefly reaching a one-week high of 148.23 yen. There was a sense of uncertainty as profit-taking emerged, causing the dollar
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