In recent months, the Japanese yen has demonstrated remarkable strength, largely attributed to rising inflation figures in Tokyo. The core-core inflation rate, which strips away food and energy prices, witnessed an increase to 1.9% year-on-year (y/y) in November. This uptick not only indicates greater demand-side pressures but also serves as a leading gauge for nationwide
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The EURGBP currency pair has experienced significant fluctuations recently, particularly in its interaction with crucial technical levels. Following a period of indecision, the pair has faced resistance at its 20- and 50-day simple moving averages (SMAs), emphasizing a potential bearish trend in the near term. This development raises concerns about whether the market is poised
The Dollar Index (DXY) has been demonstrating pronounced movements as it recently reached the 100% Fibonacci extension from the lows recorded on July 17, 2023. This moment serves as a critical pivot point in the index’s current trading cycle. The behavior of the index reflects complex market dynamics, particularly through patterns recognized in Elliott Wave
In a move that has sparked intense debate across the nation, the Australian government has instituted a comprehensive ban on social media usage for children under the age of 16. This unprecedented regulation, which proponents laud as a pioneering step for online safety, has also drawn criticism from tech companies and civil liberties advocates. The
The world of tungsten, a critical metal known for its hardness and indispensable in sectors such as defense and technology, is undergoing significant changes. As of December 1, 2023, China will initiate restrictions on the export of tungsten, marking a strategic pivot after decades of dominating the market with low-cost supplies. Historically, China’s vast resources
The currency market is often a reflection of economic indicators, and recent data from Japan has had a notable impact on the EUR/JPY currency pair. The Japanese Yen (JPY) has shown a robust performance, largely due to the release of Tokyo’s Consumer Price Index (CPI) data for November, which surpassed market expectations. As a result,
In today’s intricate financial landscape, the relationship between consumer credit growth, inflation indicators, and currency exchange rates is critical for both investors and policymakers. Recently, stronger consumer credit growth in Australia has piqued interest, as it could herald a resurgence in consumer spending. This uptick in demand could potentially lead to inflationary pressures, thereby influencing
The Reserve Bank of India (RBI) is navigating through a complicated economic landscape as it prepares for its monetary policy meeting scheduled for December 6. The backdrop of this meeting is characterized by significant consumer inflation, which has surpassed the RBI’s upper tolerance limit of 6%. In October, the annual retail inflation rate surged, primarily
The Australian Dollar (AUD) is currently experiencing a downturn primarily due to the unwavering strength of the US Dollar (USD), driven by cautious monetary policies from the Federal Reserve (Fed). Economic data reveals a complex interdependence between these two currencies, influenced by domestic expenditures in Australia and external geopolitical factors. This article disentangles the intricacies
Bitcoin’s recent price movement has been a subject of great interest to both investors and analysts alike. After hitting a significant support level at approximately $90,600, there seems to be a shift in the cryptocurrency’s trajectory. This rebound is particularly noteworthy as it suggests that the bearish correction that transpired prior could potentially be coming
The upcoming private capital expenditure (CAPEX) report for the Australian economy, due on Thursday, is highly anticipated for its potential implications on the AUD/USD currency pair. Analysts predict a 0.9% quarter-on-quarter increase for Q3 2024, a promising turnaround from the 2.2% decline observed in the preceding quarter. These figures are critical as they provide a
The GBP/USD pair recently demonstrated significant momentum by climbing back above the critical 1.2600 level on Wednesday. This resurgence signals a robust recovery for the British pound against the United States dollar, suggesting a recalibration of market sentiment. Traders now find themselves eyeing the potential for a test of the 1.2700 benchmark, indicating heightened optimism