Australian Dollar, China PMI, Hang Seng Index, CSI 300, AUD/USD, RBA – Talking Points The Australian Dollar briefly pipped higher after Chinese data beat expectations If China can gain economic momentum, it could have implications for AUD Tomorrow’s RBA meeting moves into view. Will AUD/USD continue to recover? Recommended by Daniel McCarthy How to Trade
Market Recap Another downside surprise in US core Personal Consumption Expenditures (PCE) price index paves the way for Wall Street to resume its rally last Friday (DJIA +0.50%; S&P 500 +0.99%; Nasdaq +1.90%) as promising inflation progress reaffirmed market expectations for a Fed rate pause. The core PCE index for June registered a 4.1% year-on-year
Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar mostly outperformed its major counterparts this past week, especially against the Euro, Australian Dollar, and New Zealand Dollar. This is despite a Federal Reserve that raised rates and did little to bolster further tightening bets down the road, leaving a data-dependent path. The
Share: The US Dollar struggles to build on weekly gains on Friday. The US Dollar Index stays near 101.50 following Thursday’s rally. US PCE inflation data for June came in softer than expected. The US Dollar stays under modest selling pressure on Friday after posting strong gains against its rivals on Thursday. The USD
Share: The Australian Dollar plunges through support following the release of US Q2 GDP. Downside pressure maintains on the Aussie after the release of US PCE inflation data for June. The Fed Chairman said he could not confirm if there would be further rate hikes, noted a fall in Core CPI and strength in
© Reuters. FILE PHOTO: An informal currency trader holds U.S. Dollar bills on a street, in La Paz, Bolivia March 6, 2023. REUTERS/ Claudia Morales/File Photo LA PAZ (Reuters) – Bolivia’s government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the , officials said, as Latin American support
Gold, Silver Analysis Recommended by Richard Snow Get Your Free Gold Forecast Dollar Boost Poses a Threat to the Long-Term Uptrend in Gold The long-term uptrend in gold, signified by the ascending channel came under pressure during the week ending 23 June after registering a break and close below channel support. This was followed up
© Reuters Investing.com – The U.S. dollar edged higher in early European trade Friday, adding to the previous session’s strong gains, while the Japanese yen gained after the Bank of Japan shifted its monetary policy. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1%
USD/ZAR PRICE FORECAST: Recommended by Zain Vawda Get Your Free USD Forecast MOST READ: USD/ZAR Rises as SA Reserve Bank (SARB) Pauses After 10 Consecutive Hikes The South African Reserve Banks (SARB) recent pause in the hiking cycle was no doubt met with cheers by many consumers locally, yet the Central Bank and some economists
PCE REPORT KEY POINTS: June U.S. consumer spending climbs 0.5% m-o-m in June, slightly above forecasts Core PCE rises 0.2% on a monthly basis, bringing the annual rate to 4.1%, one-tenth of a percent below market estimates The U.S. dollar retraces some losses after this morning’s data, but remains in negative territory Recommended by Diego
