Australia’s Consumer Price Index (CPI) rose 1.0% in the second quarter (Q2) of 2024, compared with the 1.0% increase seen in the first quarter, according to the latest data published by the Australian Bureau of Statistics (ABS) on … [Continue reading]
Australian Dollar continues strugguling ahead of CPI and Retail Sales
Aussie remains weak as markets await inflation data, Retail Sales from Australia. Soft China outlook generates concerns for Australian economy. RBA’s hawkish outlook might bail out the Aussie. The Aussie continues the week on a soft trajectory with … [Continue reading]
AUD/USD Forecast: Initial support emerges near 0.6500
AUD/USD resumed its downtrend and revisited 0.6530 on Tuesday. The Aussie dollar kept looking at China and commodities. Further declines remain on the cards while below the 200-day SMA. AUD/USD resumed its decline after two consecutive daily … [Continue reading]
Euro area: moderate but uneven growth – Commerzbank
Gross domestic product in the euro area rose again by 0.3% in the second quarter. While Spain's economy grew significantly, Germany's economy actually fell slightly. Once again, strong foreign trade apparently supported growth in the euro area, … [Continue reading]
EUR/USD hovers above 1.0800 with focus on Eurozone data and Fed policy
EUR/USD trades sideways above 1.0800 ahead of crucial Eurozone/US macroeconomic events. The ECB may cut interest rates two more times this year. The Fed is expected to openly endorse rate cuts in September. EUR/USD exhibits a sideways performance in … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin finds rejection around the $70,000 level
Bitcoin price faces rejection around the weekly level of $69,648, a close above it would indicate a bullish move. Ethereum price finds support around the daily level of $3,076, signaling a potential bullish trend on the horizon. Ripple price finds … [Continue reading]
Gold tumbles as traders brace for FOMC’s decision
Gold price drops from daily high of $2,403 to $2,377 as Greenback gains 0.20%. High retail prices dampen gold demand in Asia; China's economic concerns persist. Investors eye FOMC decision, JOLTS report, ADP data, and key US economic indicators this … [Continue reading]
Dow Jones Industrial Average roils on Monday ahead of busy Fed week
Dow Jones churns chart paper as investors jostle for position ahead of Fed. Fed set to hold rates steady this week, markets on the lookout for forward guidance. Investors have fully priced in a rate trim in September. The Dow Jones Industrial … [Continue reading]
USD/CHF Price Analysis: Jumps to near 0.8850 as US Dollar advances
USD/CHF moves higher to near 0.8850 as the US Dollar posts a fresh two-week high. The Fed is expected to begin reducing interest rates in September. USD/CHF trades in a Falling Channel chart pattern. The USD/CHF pair climbs to near 0.8850 in … [Continue reading]
Belgium Gross Domestic Product (QoQ) fell from previous 0.3% to 0.2% in 2Q
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]