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Abstract:The fundamental pressure will not ease up over the coming week, but momentum behind a distinct trend is not guaranteed. Risk appetite has benefit an improved view of trade wars and the help offered by the ECB but will these themes hold through a more crowded monetary policy gauntlet in
Australian Dollar Backdrop Likely To Stay Constructive For a Change
The Australian Dollar has benefited as markets remain hopeful that the US and China are getting closer on trade and as central banks dial up the stimulus.
Crude Oil Prices May Fall on FOMC, De-Escalating Iran Risks
Crude oil prices may be under pressure if Fed Chairman Jerome Powell cools aggressive rate cut bets against the backdrop of deescalating Iran tensions – at least for now.
US Dollar Outlook Hinges on Fed Rate Decision & Forward Guidance
The Federal Reserve meeting is likely to influence the near-term outlook for the US Dollar as the central bank is widely expected to deliver another 25bp rate cut.
Euro Weekly Outlook: EURUSD Price May Struggle Against Increased Headwinds
The ECB cut rates and re-booted QE Thursday, but the single currency ended the day higher across the board. It may prove difficult for the Euro to remain at these elevated levels going forward.
S&P 500 & DAX Fundamental Forecast
A strong week for equity markets as easing geopolitical (US/Iran) and trade (US/China) tensions support risk sentiment, and not to forget open-ended QE from the ECB to provide a helping hand.
Gold Prices at Risk if the FOMC, Powell Underwhelm Dovish Markets
Gold prices may fall as a monetary policy announcement from the Federal Reserve underwhelms financial markets ultra-dovish interest rate path outlook.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The latest data for the U.S. ISM Manufacturing PMI, released on August 1, 2024, shows a decline to 46.8, down from 48.5 in June. This marks the sixth consecutive month of contraction (a reading below 50) and remains well below the historical average of 52.88. On July, the Bank of Canada (BoC) announced a 25-basis-point cut in its benchmark interest rate, reducing it to 4.5%. This was the second consecutive rate cut, following a similar move in June. The latest ADP Nonfarm Employment Change for..
For June 2024, Canada's CPI rose by 2.7% year-over-year, down from 2.9% previously. This decrease in core inflation is driven by a combination of slower economic growth and moderated wage growth, even with a strong labor market. The FOMC meeting minutes from July 2024 indicated that the Federal Reserve decided to maintain the federal funds rate within the target range of 5.25% to 5.50% and revealed a shift in the Fed's focus. The latest data on U.S. Initial Jobless Claims, for the week ending...
The U.S Producer Price Index (PPI) for June showed a month-over-month increase of 0.2%, which was slightly above market expectations of 0.1%. The Reserve Bank of New Zealand (RBNZ) recently kept its Official Cash Rate (OCR) unchanged at 5.50% during its last meeting on July 2024, which was consistent with market expectations. As of June 2024, the U.S. Consumer Price Index (CPI) showed a modest increase of 3.0% year-over-year, weaker than market expectation and previous reading of 3.1% and 3.3%..
The latest S&P Global US Manufacturing PMI for June 2024 has been revised to 51.6, slightly lower than the expectation of 51.7 but up from 51.3 in May. In its most recent decision in June, the Bank of Canada (BoC) reduced its key interest rate by 25 basis points, lowering it from 5% to 4.75% in response to easing inflation indicators. In the first quarter of 2024, the US economy expanded at an annualized rate of 1.4%, slightly surpassing market expectations of 1.3%. This growth marked a...