Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Friday that the latest round of US Nonfarm Payrolls (NFP) jobs data, including revisions, is certainly cause for rate conversation at the Fed, but inflation metrics are still an … [Continue reading]
Indian refineries under pressure for buying Russian oil – Commerzbank
US President Trump has threatened India with punitive tariffs of an unspecified amount on top of the general tariff rate of 25% for purchases of Russian weapons and Russian energy, Commerzbank's commodity analyst Barbara Lambrecht notes. Russia … [Continue reading]
Australian Dollar moves little as traders adopt caution ahead of US Nonfarm Payrolls
The Australian Dollar remains steady as Trump keeps the 10% baseline tariffs on Australian goods unchanged.China’s Caixin Manufacturing PMI slipped to 49.5 in July, down from 50.4 in June, and below the 50.3 expected.US Nonfarm Payrolls is expected … [Continue reading]
Australian Dollar loses ground following China’s dismal PMI
The Australian Dollar struggles as Q2 Producer Price Index rose 0.7% QoQ, falling short of expectations.China’s Caixin Manufacturing PMI slipped to 49.5 in July, down from 50.4 in June, and below the 50.3 expected.US Nonfarm Payrolls is expected to … [Continue reading]
Dow Jones Industrial Average struggles after PCE inflation accelerates again
The Dow Jones explored the bearish side on Thursday, testing below 44,500.The Dow is missing out on another bullish push in large tech stocks.US PCE inflation and consumer income data ticked higher in June.The Dow Jones Industrial Average (DJIA) … [Continue reading]
EUR/CHF slides to multi-month low as Euro struggles amid trade woes
EUR/CHF drops to its lowest level since May 5, extends four-day losing streak.The Swiss Franc strengthens on safe-haven demand and strong June Retail Sales data.US President Donald Trump extends the tariff deadline with Mexico by 90 days, but warns … [Continue reading]
Pi Network Price Forecast: PI extends the bearish trend, targeting all-time low levels
Pi Network faces increasing overhead pressure as it struggles to avoid a drop below $0.40, close to its all-time low.Around 160 million PI tokens will be unlocked in August, increasing the circulating supply by 2.1%.The price fails to find support as … [Continue reading]
Australia: RBA likely to cut in Aug as inflation cools further – UOB Group
Australia’s consumer price index (CPI) rose 0.7% q/q in 2Q25, easing from the 0.9% q/q reading in 1Q25, and coming in weaker than the consensus estimate of 0.8% The slightly weaker headline inflation outcome was nonetheless in line with the Reserve … [Continue reading]
Australian Dollar advances after Retail Sales, China’s PMI data release
The Australian Dollar maintains its position as Retail Sales climbed 1.2% MoM in June, compared to the expected 0.4% increase.China’s NBS Manufacturing Purchasing Managers' Index fell to 49.3, while the Non-Manufacturing PMI eased to 50.1 in July.The … [Continue reading]
US President Donald Trump announces a trade deal with South Korea – Reuters
US President Donald Trump announced a new trade deal with South Korea, stating that the United States (US) would charge a 15% tariff on imports from South Korea, Reuters reported on Wednesday. The agreement includes a $350 billion commitment … [Continue reading]