The recent US Jobs Report has had significant implications on the AUD/USD trends, with experts like Shane Oliver noting the importance of the US CPI Report as a determining factor. The US Aug payrolls data, showing a growth of 142k, has raised concerns about the near-term outlook for the AUD/USD pair. We can expect currency
The commercialization of technology businesses is a critical aspect of economic growth and innovation. However, according to Warren East, former CEO of British chip design firm Arm, the UK is facing challenges in successfully commercializing technology businesses on a global scale. In a keynote speech at Cambridge Tech Week, East highlighted the need for a
The UK labour market data released today provided some positive insights. Employment growth exceeded expectations, and unemployment benefit claims came in lower than forecasted. This news was a welcome surprise, indicating a potentially stronger economy than previously anticipated. Analysts from ING believe that the positive labour market data may influence the Bank of England’s decision
Shigeru Ishiba, former Japanese defense minister and candidate in the ruling party’s leadership race, emphasized the importance of achieving a complete exit from deflation in Japan. Ishiba expressed his concerns over the slow recovery of private consumption and highlighted the need for sustainable growth in real wages to combat deflation effectively. He aims to create
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The gold price (XAU/USD) has been facing downward pressure as the US Dollar (USD) gains strength due to reduced expectations of a 50 bps Fed rate cut. The recent mixed US monthly jobs report has prompted investors to scale back their bets on a larger interest rate cut by the Federal Reserve (Fed) in September.
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The European stock markets have been closely linked to the performance of the EUR/CHF currency pair in recent times. The correlation between France’s CAC and Germany’s DAX with EUR/CHF has been quite significant, showcasing a high positive reading of 0.82 and 0.84 respectively. This direct correlation indicates that movements in European stock indices can have
The U.S. Federal Reserve has been the subject of much debate regarding the potential for a significant rate cut in the near future. Some analysts, such as Michael Yoshikami, CEO of Destination Wealth Management, believe that a jumbo 50 basis point rate cut would not spook markets. In fact, Yoshikami suggests that a larger cut
The futures tied to Wall Street’s main indexes have shown signs of improvement on Monday after a bleak week. Investor sentiment seems to be shifting towards a more optimistic outlook on the U.S. economy, as they await a crucial inflation report later in the week. Mega-cap stocks, including Tesla, have seen gains in premarket trading,
The recent Chinese Consumer Price Index (CPI) and Producer Price Index (PPI) data have shown mixed results, with the CPI rising at a slower pace than expected and the PPI declining more than forecasted. This has led to minimal impact on the AUD/USD pair, with buyers seemingly unaffected by the softer-than-expected inflation data from China.
Recent data on Britain’s labour market from the Recruitment and Employment Confederation and KPMG paints a concerning picture. The survey reveals a notable decrease in job placements, marking the fastest pace in five months. Additionally, the growth in starting pay for permanent staff has slowed down to a five-month low. These trends indicate a cooling