US DOLLAR, EUR/USD KEY POINTS POST FOMC MINUTES: MOST READ: Crypto Forecast: Will Bitcoin Have What it Takes to Break the $38k Mark? The US Federal Reserve released the minutes of the November FOMC meeting a short while ago with no real surprises and a rather subdued market reaction. This shouldn’t come as a surprise
South Africa is grappling with economic challenges, marked by persistent power outages, social unrest, and structural constraints hindering growth. The latest data from Statistics South Africa shows a 1.2% quarter-on-quarter GDP growth in Q2 2023, driven by mining, finance, and trade, while agriculture, manufacturing, and construction contracted. Year-on-year, GDP contracted by 17.2% in Q2. Inflation,
What does the Fed participants view on current conditions and economic outlook look like by topic? Economic Growth and Consumer Spending: Real GDP expanded strongly in Q3, driven by a surge in consumer spending. Despite robust growth, aggregate demand and supply are becoming more balanced due to restrictive monetary policy and normalizing supply conditions. Consumer
Japanese Yen Analysis Japanese Yen backs away from supposed intervention trigger after renewed strength USD/JPY breaks beneath a dynamic level of prior support Japanese yen is most heavily shorted since at least 2020, posing risk of a short squeeze The analysis in this article makes use of chart patterns and key support and resistance levels.
OIL PRICES FALL AFTER US REPORT, BUT THE TREND IS TO RISE UNTIL THE END OF THE YEAR. لینک منبع : هوشمند نیوز
© Reuters The Mexican peso’s recent surge against the US dollar took a breather today with the pair ticking up to 17.18, despite a general weakness in the dollar across Forex markets. Investors are closely watching Mexico’s economic indicators, such as retail sales and mid-November inflation data, which are expected to influence the Bank of
Share: AUD/USD is still trading around 5% below its mid-July high. Economists at Commerzbank analyze Aussie’s outlook. Downside potential again in 2025 With the US likely to enter a recession in the coming months, while the Australian economy is expected to have a soft landing, the trend is likely to reverse in the
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RAND TALKING POINTS & ANALYSIS Rand remains buoyant on weaker USD and positive leading business cycle figures. FOMC minutes to come later today. Bullish divergence progressing off long-term support. USD/ZAR FUNDAMENTAL BACKDROP Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get you FREE guide now! Foundational Trading
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